Maybe Goldman traders should put off buying those Ferraris (the two for the price of three special will be back) for at least a few more days: Congressman Kucinich has announced that even after his proposed amendment to HR 4173 to tax TARP recipients was shot down, he "will be introducing legislation based on the amendment that [he] offered, that will pave the way for a more fair and just tax treatment of absurd bonuses in the financial industry."

It will be useful to see if the vote goes once again along party lines, in which case the banana republic nature of America will truly shine, as republicans and democrats finally confirm they have terminally flip-flopped on all issues pertaining to Wall Street, even as Main Street anger over banker compensation continues rising. If this proposal gets voted on, Democrats, who will likely once again vote it down, stand to reap the full fury of over 300 million Americans, who will realize that the Democratic party now holds banker remuneration and bonus concerns closer to its heart than those of small and medium-sized businesses (let along Joe Sixpack). And in that case, watch out come mid-term election time. Now if only Bernanke's reappointment can be stalled for another year, there just may be a little hope for capitalism yet.

From Kucinich' website: