Dems can’t have it both ways

After the Democratic Congressional Campaign Committee sent a recent email urging supporters to sign a petition backing the wave of Occupy Wall Street protests, phones at the party committee started ringing.

Politico is reporting that banking executives personally called the
offices of DCCC Chairman Steve Israel (D-N.Y.) and DCCC Finance Chairman
Joe Crowley (D-N.Y.) last week demanding answers, three financial
services lobbyists told POLITICO.

“They were livid,” said one Democratic lobbyist with banking clients.

The execs asked the lawmakers: “What are you doing? Do you even understand some of the things that they’ve called for?” said another lobbyist with financial services clients who is a former Democratic Senate aide.

Click here to read the entire story.

A related story in the Financial Times Sunday, President Obama honoured Martin Luther King at a dedication to a new memorial on National Mall in Washington.

Referring to protests that have spread from Wall Street to London, Rome and elsewhere, Mr Obama said: “Dr King would want us to challenge the excesses of Wall Street without demonising those who work there.”

Mr Obama had previously said the protests “express the frustration” of ordinary Americans with the financial sector.

Click here to read the story from the Financial Times.