For some reason, Washington is afraid to push reform onto Wall St. It doesn’t make any sense, and now probably won’t happen. Incidentally, Wall St has determined they have more to gain propping up Republicans than they do donating to Democrats, who, you know, are actually nominally in charge. At least until 2010.
The big guns on Wall Street increased their political donations last month after increasing their lobbying muscle. Morgan Stanley’s Political Action Committee donated $110,000 in September, for example, of which Democrats got $43,000.
It’s going to be so awesome when this happens again and it’s worse!