DOUGLAS GRAHAM/CQ ROLL CALL/GETTY IMAGES
Enter
LOOKING
FORWARD
IN ANGST
JASON
LINKINS
HUFFINGTON
07.28.13
WALL STREET CASH
RULES EVERYTHING AROUND
THE HOUSE BANKING
COMMITTEE, APPARENTLY
ACK IN EARLY JUNE,
former Rep. Brad
Miller (D-N.C.) took
to our pages to lament the way the House Financial Services Committee had
rubber-stamped a whole passel
of bills that were drawn up by
Wall Street lobbyists, bills that
B
created “gaping loopholes in the
Dodd-Frank Act’s regulation of
derivatives, including credit default swaps that figured so prominently in the financial crisis.”
On that occasion, Miller was
especially disillusioned by the behavior of his own party’s members
of the committee. Despite the fact
that the Democratic base strongly
supports financial reform, “the
great majority of junior Democrats,
Federal
Reserve
Chairman
Ben Bernanke
appears in
what is most
likely his last
Capitol Hill
appearance
on July 17,
2013.