Think Progress reports
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Former Minnesota Governor and unsuccessful presidential candidate Tim Pawlenty announced yesterday that he was stepping down as co-chairman of the Romney campaign in order to take over the top spot at the Financial Services Roundtable, a lobbying group that represents the largest financial services companies in the country. Pawlenty assumed the role as a top bank lobbyist despite his tough words for Wall Street during his campaign.
As head of the FSR, one of Pawlenty’s key roles will be helping banks water down the Dodd-Frank financial reform law. And he got started during his first press conference by calling for banks to do more self-regulation, choosing “voluntarily” to stop doing “stupid things”:
Of course SELF REGULATION was the cause of the recent economic down turn and bank bail out. And because Pawlenty was not a congressman, there is no waiting time that delays his lobbying efforts.
Anyone who wants to have another financial meltdown should feel happy that this is happening. The real problem is is that the banks just wont do any such thing as "self regulation" unless it means criminal penalties and huge fines which are part of the Dodd-Frank law.
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Former Minnesota Governor and unsuccessful presidential candidate Tim Pawlenty announced yesterday that he was stepping down as co-chairman of the Romney campaign in order to take over the top spot at the Financial Services Roundtable, a lobbying group that represents the largest financial services companies in the country. Pawlenty assumed the role as a top bank lobbyist despite his tough words for Wall Street during his campaign.
As head of the FSR, one of Pawlenty’s key roles will be helping banks water down the Dodd-Frank financial reform law. And he got started during his first press conference by calling for banks to do more self-regulation, choosing “voluntarily” to stop doing “stupid things”:
Of course SELF REGULATION was the cause of the recent economic down turn and bank bail out. And because Pawlenty was not a congressman, there is no waiting time that delays his lobbying efforts.
Anyone who wants to have another financial meltdown should feel happy that this is happening. The real problem is is that the banks just wont do any such thing as "self regulation" unless it means criminal penalties and huge fines which are part of the Dodd-Frank law.