Scott Brown, Senator with truck, supports big banksPosted: 06/30/2010
Apparently, Scott Brown is a common man, who drives a truck, just like any other regular Joe six-pack. However, when Democrats proposed having the banks foot the $20 Billion cost of Financial Reform, he balked. Instead, he moved for taxpayers to foot the bill. Say what?
In fact, the $20 Billion will come out of the remaining TARP funds, which were supposed to be paid directly towards the deficit. Didn’t Scott Brown campaign on deficit reduction? His voters certainly considered it a priority. Huh?
Some banks, those that take deposits, will have to pay slightly higher assessments to the FDIC; however hedge funds and investment banks get off scot-free. Sound familiar? So I guess Brown should probably trade in his truck for whatever hedge fund managers are driving these days. Porche? Mercedes? Anyone have any helpful tips for the intrepid Senator?