Wednesday, October 5, 2011

Durbin: The new definition of Irony

Is Senator Dick Durbin sane?

He was in lock step with Barney Frank in encouraging the big banks and the GSE's to soften mortgage requirements.

He was all-in on the bank bail-outs when they over-extended themselves in the real estate market.

He was excited by the Dodd-Frank bill that among other things, restricted credit card fees.

And yet he is surprised and disappointed when the big banks, namely Bank of America, attempt to collect those fees somewhere else, since they are stymied by the regulation.

When he looks in the mirror, does Durbin have no inkling of his own culpability in this sad and predictable story? So I ask again. Is Senator Durbin sane?

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