John Boehner doesn't want to see bankers pushed around by squirrelly Capitol Hill staffers. Following the unveiling of Senator Chris Dodd's financial regulation package on Monday, the House Republican leader gave this advice to bankers at an American Bankers Association summit:
Don't let those little punk staffers take advantage of you and stand up for yourselves. All of us are hearing from our friends and constituents on lack of credit, you can't get a loan... The more regulations you have to comply with the more cost you have there and less amount you are going to have available to loan to customers
Boehner also predicted that debate over disparities between House and Senate versions of the bill would cause financial reform to stall for at least a year. While this is not the first time Boehner's contributions on legislative issues have drawn fire from the liberal blogosphere, his offhand disparagement of Hill staffers and perceived solidarity with the financial community has stoked some bloggers' anger.
- Worst Person Ever? Rick Unger of True/Slant can barely contain his fury:
It appears clear that Mr. Boehner is prepared to sell out his country- despite the clear and dramatic need to fix the financial system so as to hopefully prevent the next catastrophic meltdown – for some Wall Street cash. There are many words for this that come to mind. Judas…Benedict Arnold…you pick it."
- You're Surprised? Pat Garofalo of Think Progress sees just another installment in a long courtship between Republicans and Wall Street, pointing to Boenher's February wine-and-dine with JP Morgan CEO Jamie Dimon: "The fact that he’s willing to let another year lapse without putting in place new rules for Wall Street shows exactly where Boehner’s priorities lie. But it should come as no surprise, considering what Republicans have been up to this year."
This article is from the archive of our partner The Wire.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.
Jared Keller is a journalist based in New York. He has written for Bloomberg Businessweek, Pacific Standard, and Al Jazeera America, and is a former associate editor for The Atlantic.