gotsnowgotslush
skates like Eck
- Joined
- Dec 24, 2007
- Posts
- 25,720
"The Senate just voted to increase the chances your money will be used to bail out big banks again.”
On the 10th anniversary of an enormous financial crash, Congress should not be passing laws to roll back regulations on Wall Street banks," Sen. Elizabeth Warren, D-Mass., said in an interview. "The bill permits about 25 of the 40 largest banks in America to escape heightened scrutiny and to be regulated as if they were tiny little community banks that could have no impact on the economy."
http://www.chicagotribune.com/news/nationworld/politics/ct-senate-banking-rules-20180304-story.html
"Telling a bank that’s [worth] a quarter of a trillion dollars that it can be regulated the same way as some tiny, little local community bank makes no sense at all,” Sen. Elizabeth Warren (D-Mass.) told reporters Tuesday morning.
“I don’t understand how anyone, regardless of political party, could support a bill like that,” she said Tuesday. “That means the American taxpayers are going to take all the risk, and all the profits are going to go to giant banks.”
https://www.washingtonpost.com/powe...4bfff693d2b_story.html?utm_term=.4938544249f4
Last night, I cringed while listening to someone pleading for poor, dis- advantaged Wells Fargo. That takes a lot of gall! (Or bribing.)
Former Rep. Barney Frank said the Senate bill goes too far-
A fact sheet from the Center for American Progress is blunt about the impact. Under the law, “25 of the 38 largest banks in the United States would no longer be subject to stronger capital and liquidity rules,” despite holding a collective $3.5 trillion in assets and taking tens of billions in relief from the Troubled Asset Relief Program.
https://slate.com/news-and-politics...egulations-wont-save-red-state-democrats.html
Is this the vote, that will result in sending us back, to experience the Wall St. Crash of 2007- 2008 again ?
https://www.motherjones.com/politic...-supporting-a-massive-bank-deregulation-bill/
"I work for my bank donors, not my constituents."
Bennet (D-CO)
Carper (D-DE)
Coons (D-DE)
Donnelly (D-IN)
Hassan (D-NH)
Heitkamp (D-ND) Jones (D-AL)
Kaine (D-VA)
King (I-ME)
Manchin (D-WV)
McCaskill (D-MO)
Nelson (D-FL) Peters (D-MI)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Warner (D-VA)
On the 10th anniversary of an enormous financial crash, Congress should not be passing laws to roll back regulations on Wall Street banks," Sen. Elizabeth Warren, D-Mass., said in an interview. "The bill permits about 25 of the 40 largest banks in America to escape heightened scrutiny and to be regulated as if they were tiny little community banks that could have no impact on the economy."
http://www.chicagotribune.com/news/nationworld/politics/ct-senate-banking-rules-20180304-story.html
"Telling a bank that’s [worth] a quarter of a trillion dollars that it can be regulated the same way as some tiny, little local community bank makes no sense at all,” Sen. Elizabeth Warren (D-Mass.) told reporters Tuesday morning.
“I don’t understand how anyone, regardless of political party, could support a bill like that,” she said Tuesday. “That means the American taxpayers are going to take all the risk, and all the profits are going to go to giant banks.”
https://www.washingtonpost.com/powe...4bfff693d2b_story.html?utm_term=.4938544249f4
Last night, I cringed while listening to someone pleading for poor, dis- advantaged Wells Fargo. That takes a lot of gall! (Or bribing.)
Former Rep. Barney Frank said the Senate bill goes too far-
A fact sheet from the Center for American Progress is blunt about the impact. Under the law, “25 of the 38 largest banks in the United States would no longer be subject to stronger capital and liquidity rules,” despite holding a collective $3.5 trillion in assets and taking tens of billions in relief from the Troubled Asset Relief Program.
https://slate.com/news-and-politics...egulations-wont-save-red-state-democrats.html
Is this the vote, that will result in sending us back, to experience the Wall St. Crash of 2007- 2008 again ?
https://www.motherjones.com/politic...-supporting-a-massive-bank-deregulation-bill/
"I work for my bank donors, not my constituents."
Bennet (D-CO)
Carper (D-DE)
Coons (D-DE)
Donnelly (D-IN)
Hassan (D-NH)
Heitkamp (D-ND) Jones (D-AL)
Kaine (D-VA)
King (I-ME)
Manchin (D-WV)
McCaskill (D-MO)
Nelson (D-FL) Peters (D-MI)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Warner (D-VA)
