Tuesday, April 27, 2010

Campaign Contributions And The GS Hearings

The Democrats will destroy themselves down the road with a scorched earth policy towards Wall Street. The securities industry gave 63%-37% Democratic-Republican campaign contributions in the current cycle.

That's going to shift violently toward the Republicans this year. Add in the Supreme Court decision that takes limits off contributions. Massive advantage for Republicans in 2010-12.

And why do the GS guys think the senate knows what "on a principal basis" means? How can they be this tone deaf? They don't even understand the concept of an inventory full of car parts! And they're using terms like "value at risk"? You have to explain to them the most obvious points....Unbelievable!

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