The Sorensen Monologues

Banks Telling It Like It Is

From the NYT, the financial industry’s response to new regulation of debit and credit card fees paid by merchants:

And this was not an easy vote. Lobbyists for the wounded but formidable banking industry made clear to some senators that this decision would affect future campaign donations, according to people who participated in those conversations.

I guess they aren’t even trying to pretend our campaign finance system isn’t a form of legalized bribery anymore.