Not job-killing GOP held a hearing on the financial reform bill with lobbyists and financial bigwigs. Their big conclusion:
Lawmakers piled on in the hearing, saying that it would “batter banks still reeling from the 2008 financial crisis
This is what reeling looks like in the financial industry:
Banks and savings institutions earned $21.7 billion in the fourth quarter, the second-highest quarterly total in three years and $23.5 billion more than the industry’s $1.8 billion loss a year ago, the FDIC said yesterday. For all of 2010, the industry earned $87.5 billion, the highest full-year total since 2007
Holy crap. Quick. Give ‘em a tax cut before they reel any more.
BTW, financial industry is kicking ass. Rich have their tax cuts. Unemployment is still 9%.
You know what’ll the economy kickin’: removing regulatory uncertainty. And then them damn public unions. Yeah, that’s the ticket.
