Leading Democrats: Congress, Senate Owned and Run by Bankers

The Democratic Chairman of the Agriculture Committee yesterday announced to the press that “The banks run the place,” in reference to the US Congress. He is the second notable elected official to speak out in recent weeks over the gross and institutionally corrupt conflict of interest on Capitol Hill.

“I will tell you what the problem is,” Collin Peterson told the New York Times, “they give three times more money than the next biggest group. It’s huge the amount of money they put into politics.”

Peterson is pushing for legislation to regulate derivatives trading. His proposed bill would limit derivatives trading to public exchanges, rather than private clearinghouses, which are managed by banks.

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