Wednesday, March 10, 2010

Tennessee Republican Senator Bob Corker fights to protect payday lenders, because, well, they pay him to.

Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders, people involved in the talks said. The industry is politically influential in his home state and a significant contributor to his campaigns, records show.

I believe Senator Bob Corker meets the text book definition of "corrupt."

Too bad we can't stop corporations from buying off politicians like this, but the Supreme Court ruled that, since corporations are people too, their free speech can't be abridged.

Posted via web from thepete's posterous

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