Why stop with kicking just the Katrina victims? The U.S. Chamber of Commerce has once again decided
to break records lobbying to hurt consumers everywhere!
That’s right, civil justice fans, at a time when the country is struggling to regain its footing under the strain of rampant predatory lending and the whole “Wall Street mortgage meltdown,” the Los Angeles Times is reporting,
The U.S. Chamber of Commerce, the strongest voice in Washington for the business community, spent $30 million on lobbying in the third quarter of this year, more than twice as much as it spent for the same purpose in the previous quarter.
Not that their grotesque spending has always been so helpful. But this time, reportedly, about two dozen chamber lobbyists “blanketed” Capitol Hill, arguing for swift passage of a financial bail out and, among other things, opposing “any amendments that would make it easier to file lawsuits against banks and other firms receiving federal aid.”
We’ve already blogged about how the threat of legal liability would have helped stop the entire subprime meltdown, and hopefully, Congress will kick back and fix these damaging liability limits next year.
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