The banks own the place.

The banks "own the place." What place? Congress. Who would say such a shocking thing? Someone relatively trustworthy: Dick Durbin. Consider this from Huffpo:

Only 45 Senate Democrats voted Thursday to oppose the banking industry and pass legislation aimed at stemming foreclosures. The bill would have allowed bankruptcy judges to allow homeowners who met strict conditions to renegotiate mortgages -- a process known as cramdown. It would have only applied to mortgages entered into before 2009.

Earlier in the week, the measure's lead proponent, Sen. Dick Durbin (D-Ill.), concluded that banks "frankly own the place."

Continue ReadingThe banks own the place.