Spencer Bachus, The New Sheriff? In Town?

Spencer Bachus
From Salon

Rarely do you see a politician quite this honest: Last Wednesday, just hours after securing the position of chairman of the House Financial Services Committee, Spencer Bachus, R-Ala., told the Birmingham News that “in Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks.”

Well, let’s all lick some boots. Millions of Americans in foreclosure, the middle class stuck dead center in a disastrous financial calamity caused by the banks, massive wrongdoing apparently endemic in the financial sector, but don’t worry at least one of our dear Representatives has the right idea.

Let’s serve the banks. Wow, that worked so well in the past.

It’s just another version of Rod Serling’s “To Serve Man.” Want to buy a cookbook, anybody? We’re going to fry up consumers and, in fact, we’re going to rotisserie whole communities, barbecue States and lightly sautee small nations. All so that the banks can feel served. It makes you glow with pride doesn’t it?

James Pilant