GOP prepares to work with lobbyists to block regulatory reform

To be fair to the Republicans, they are owned by the banksters that got us into this global recession so they're only following orders. The banksters would like to get their money's worth, or at least the taxpayer's money since they're all broke and had to be bailed out. How bizarre is this? We save these miserable bastards only to fund their efforts to screw the nation one more time? Enough is enough, but as long as the Democrats dance around and avoid getting tough this is what we will see for a while. We expect such behavior from Republicans but the Democrats are going to have to plant their feet in the ground and take a stand one day.

As the Obama administration works toward a mid-June unveiling of a sweeping package of regulatory reforms for the financial sector, Congressional Republicans are preparing their own offensive in the coming week.

House Minority Leader John Boehner (Ohio) and Rep. Spencer Bachus (Ala.), the ranking GOP member of the powerful House Financial Services Committee, have planned major strategy sessions next week ahead of the House panel’s first public hearings on the subject

GOP lawmakers have been quietly working on a regulatory reform package “for months,” according to one knowledgeable House source, who shared extensive details of the “working proposal.”

“The GOP alternative will draw heavily from this,” the source said.

The meetings may even involve the participation of corporate leaders and trade groups, according to another source.

By hook or by crook. Looks like the crooks are lining up.