Every single Republican senator has decided to oppose Wall Street reform. All of them. Some of these people are actually pretty sensible. But standing up for what they believe, and for what their consituents want by an overwhelming majority, would be political suicide if it means going against party leadership and against their biggest donors.
So tonight I sent the following letter to both Texas senators, Hutchinson and Cornyn. I don't expect more than a canned answer thanking me for sharing my concerns...
Dear Senator:
I am disappointed by your vote against moving forward on Wall Street reform. Self-regulation has failed. Let's learn the lessons of the S&L collapses, the Wall Street scandals of the early 2000's, and the more recent banking debacles and abuses, and enact the reform and controls this country needs to stand tall once again.
Incidentally, please reply specifiying what amounts you've accepted in campaign contributions from the Financial Services industry. Your sworn duty is to the citizens and consumers of this nation whose tax dollars fund your paychecks, not to the irresponsible profiteers whose reckless greed nearly collapsed our economy and whose deep pockets and undue influence on Congress continue to threaten our democratic process.
Sincerely,
Bruno Sarda
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