Republicans may be advocating loosening regulations on the very banking industry that caused a global financial disaster, but the Democrats have been going along with it for the most part for the last couple of decades.
MIke, as you’re probably also alert to and aware of, the Defense Appropriation Bill riders may indeed be the costliest in history, putting to irrelevance the giveaways in the continuing resolution. Writing law, to REMOVE laws and regulations through these riders IS a Congress totally out of control. If they were vetoed, the public might actually get a chance to see what’s being done in relative secret, but even then, not likely folks would know what they’re reading.
I’m not excusing Republicans. They’re looking to remove regulations on the very industry that was able to cause a global financial disaster because they were already too under regulated. That’s not my point.My point is that the Democrats have been largely complicit in banking deregulation over the last several decades. Some of that deregulation took place during the Clinton Administration. Pelosi may call foul and accuse Republicans of blackmail, but what are Democrats as a whole going to do about it? My guess is they’re going to eventually roll over and cave. Again.
Massachusetts Senator Elizabeth Warren tried to lead an unsuccessful drive to get the Repub’s pro-bank provisions on the spending bill taken out of the spending bill. The Repub’s are attempting to water down the regulations passed several years ago, and will allow tax-payer funds to bail out the banks for too-risky investments. And, they are getting away with it! I agree with Rad-ish that the Dem’s usually will side with Wall Street. After all, that’s where the money is!
Dtroutma over 9 years ago
Every day Republcians are in session, is a payday for them, and more than a few Democrats as well.
Jason Allen over 9 years ago
Republicans may be advocating loosening regulations on the very banking industry that caused a global financial disaster, but the Democrats have been going along with it for the most part for the last couple of decades.
Dtroutma over 9 years ago
MIke, as you’re probably also alert to and aware of, the Defense Appropriation Bill riders may indeed be the costliest in history, putting to irrelevance the giveaways in the continuing resolution. Writing law, to REMOVE laws and regulations through these riders IS a Congress totally out of control. If they were vetoed, the public might actually get a chance to see what’s being done in relative secret, but even then, not likely folks would know what they’re reading.
Jason Allen over 9 years ago
I’m not excusing Republicans. They’re looking to remove regulations on the very industry that was able to cause a global financial disaster because they were already too under regulated. That’s not my point.My point is that the Democrats have been largely complicit in banking deregulation over the last several decades. Some of that deregulation took place during the Clinton Administration. Pelosi may call foul and accuse Republicans of blackmail, but what are Democrats as a whole going to do about it? My guess is they’re going to eventually roll over and cave. Again.
louieglutz over 9 years ago
http://www.politico.com/story/2014/12/democratic-lawyer-crafted-campaign-finance-deal-113549.html?ml=po
moosemin over 9 years ago
Massachusetts Senator Elizabeth Warren tried to lead an unsuccessful drive to get the Repub’s pro-bank provisions on the spending bill taken out of the spending bill. The Repub’s are attempting to water down the regulations passed several years ago, and will allow tax-payer funds to bail out the banks for too-risky investments. And, they are getting away with it! I agree with Rad-ish that the Dem’s usually will side with Wall Street. After all, that’s where the money is!