Banking America blocks reform

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FT.com / US / Politics & Foreign policy - Republicans delay financial reform bill.

The banking lobby has captured the Senate:

Republicans delayed a financial regulatory bill on Monday, sending senators back to the negotiating table where they will try to thrash out a deal and consider new criticism from the Federal Reserve.

President Barack Obama said he was “deeply disappointed” by the Senate vote in which Ben Nelson, the Democratic senator from Nebraska, joined all 39 Republican senators present to oppose a procedural motion to move forward with the landmark bill.

This from the party that argues for small government.

Well of course it does. Small government = small regulation = big abuse. It's a guaranteed formula.

The Republican core love it. And the Tea Baggers are mug enough to buy it.