EDITOR’S NOTE: Via OPEN LEFT comes this devastating missive from an anonymous Dem lawmaker on how, when and why the Democrats in Congress will cave on attaching meaningful oversight and or consumer mortgage relief to any Fed bailout of Wall Street: Here’s the industry’s play: progressives will approach Nancy with ideas for reform, and she’ll agree to push for their proposals, and she’ll really mean it. Then industry lobbyists will go to Dennis Moore, Melissa Bean and a few other Democrats, and tell them how dire the consequences of the proposals would be, and that the members who understand how […]