Of course he believes it. He's been a staunch defender of the worst banking practices and has profited handsomely by Big Finance campaign contributions. The Democrats may only be treading water but the GOP is happy to let us all drown. The only "main street' perspective that Bachus brings to the discussion is Wall Street. Even among the Teabaggers, American voters are hardly in favor of an easier ride for the bankers.
Bachus, in an interview Wednesday night, said he brings a "main street" perspective to the committee, as opposed to Wall Street.
"In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks," he said.
He later clarified his comment to say that regulators should set the parameters in which banks operate but not micromanage them.
