Senator Ted Kaufman stands out

March 19, 2010 | By | Reply More

Arianna Huffington has recognized the excellent work of Senator Ted Kaufman, who dares to comes out swinging against Wall Street.

In the last week alone, Kaufman has taken to the Senate floor to deliver two major — and blistering — speeches. The first was a masterful overview, offering chapter and verse on what led to the financial crisis and what, specifically, needs to be done to ensure that we “build a regulatory system that will endure for generations instead of one that will be laid bare by an even bigger crisis in perhaps just a few years or a decade’s time.” . . . . The great thing about Kaufman is that he isn’t afraid to use direct, pointed language, saying that “fraud and lawlessness were key ingredients” in the financial collapse. And he’s willing to name names: in his attack on derivatives, he called out Alan Greenspan, Robert Rubin, and Larry Summers as key cheerleaders for unregulated derivatives markets . . .

But why is Kaufman speaking out against dysfunctional/corrupt Wall Street banks while most other senators are timid? The absence of money as a factor in his decision making.

Kaufman didn’t need to raise any money to become a senator — he was appointed. And he doesn’t need to raise any money for his reelection campaign — he’s not running. At 71, with a long, distinguished career in government under his belt, Kaufman is completely unencumbered by the need to curry favor and approach moneyed interests with his hat in his hand. So let’s all take a good look at Ted Kaufman. This is what it looks like when our representatives are not beholden to special interests, and are only serving the public interest.

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Category: Campaign Finance Reform, Corruption, Economy, Politics

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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