New York House Democrats know which side of the bread has the butter. They are standing up for Wall Street! Yes, big old bad wolf Wall Street.
New York Democrats put House and Senate conferees on notice that they are none to fond of Blanche Lincoln or Paul Volcker. HuffPost Hill reports that Congressman Gary Ackerman from New York said, that if Senator Lincoln's derivatives legislation remains in the final financial reform bill, and if the Volcker Rule is tightened too much, most of the New York Congressional Democrats will not support the bill. The Congressman said, "Those of us in New York represent not only Main Street, but Wall Street as well ..."
Of course, and the gentleman and his colleagues have been representing Wall Street a little too well, at the expense of Main Street. The Congressman said that he has the support of almost the New York delegation, and he warned the Democratic leadership, that passing the financial reform bill will be difficult without the support of the New York delegation. Well, politics is about money, isn't it? Is about who is getting the financial contributions from whom. And why.

