....They don't have to enforce certain things. Is that what we're talking about here in all these back door regulations? They're going through changing one word at a time through what is hundreds of pages of legislation?
YELLIN: Absolutely. And one staff member on the Hill told me that they refer -- there's something called the blob. The blob is the combination of lobbyists and staffers working on the bill constantly talking and conferring on what should be in it. And it's such a prevalent part, it is just such an accepted part at how business is done, they name it.
KING: It is striking to me because one senator told me this and I went up to another senator who said they're trying to change shall to may. And I went up to another and said so when the Goldman lobbyists come to you and he said shall/may --....
That's how Chris Dodd finally read the TARP bill and discovered his own staffers put in a clause that specifically protected huge Wall Street bonuses.
And they are doing it while the "progressives" are displaying their OCD by still wailing about past issues.