Its No Secret that the Banks Own the Government

George Washington Blog
Friday, July 3, 2009

It is no secret that the banks own the U.S. government. For example:

• Leading economist Dean Baker wrote today “Banks Own the US Government”

• The number two ranking Democrat in the Senate, Senator Dick Durbin (D-IL), said: “Frankly, banks own the place.”

• Collin Peterson, Chairman of the Agriculture Committee, said: “The banks run the place … I will tell you what the problem is — they give three times more money than the next biggest group. It’s huge the amount of money they put into politics.”

Of course, not all banks are equal. For example, Goldman Sachs clearly has a leading role.

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