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The bankers were criticized yesterday by U.S. Senator Richard Durbin of Illinois, the chamber’s No. 2 Democrat, who told protesters more regulation of the financial services industry is required.
“We need to ensure that the robber barons that are responsible for this recession don’t get away with creating it and then declaring themselves a dividend,” Durbin told about 700 people gathered in a Chicago hotel ballroom.
Durbin suggested the bankers get out and meet Chicago residents who have been hurt by foreclosures and mortgage fraud. He also urged more regulation of payday loan operators and criticized the financial services industry for providing political protection to them.
“These people are exploiting everybody that walks through the door,” he said.
