Oh noes! Banks may have to obey laws!

Today, the House Financial Services Committee voted to (gasp!) let the states regulate large banks in the interest of protecting consumers.

You mean banks might have to obey laws like we do? Heaven forbid!

The real story here may be that the states couldn't already regulate banks. This power was robbed from the states - especially by the Reagan regime, but also under the Contract With America.

Although the measure to restore state regulation of big banks is a Democratic effort, the bill is threatened by (you guessed it!) the DLC - the Republican wing of the Democratic Party. DLCer Melissa Bean is expected to fight the bill's passage.

This even after the bill was diluted by compromises that would let banks appeal state laws.

Hey, maybe I'll appeal that FCC law that won't let me run a pirate radio station.

(Source: http://www.google.com/hostednews/ap/article/ALeqM5g7ffRdswXTlfgaQS0FCOZmrvbwcAD9BFIEGO0)