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  • WillyT (10117 posts)
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    A Week After Virginia Election Sweep, Democrats Join Republicans for More Bank D

    A Week After Virginia Election Sweep, Democrats Join Republicans for More Bank Deregulation – TheIntercept

     

    <snip>

    Bipartisanship, long left for dead in Washington, has struck again. And Wall Street looks to be the winner.

    In the wake of the Equifax scandal, Congress has been under pressure to act. But the price of modest reforms in Washington is often much larger giveaways elsewhere, and that pattern holds true in the agreement announced Monday between nine Senate Democrats and the top Republican on the Senate Banking Committee.

    The measure would roll back several key financial regulations, including sections of the Dodd-Frank Act. It does so under the cover of offering consumer protections and coming to the aid of community banks — though the financial institutions that benefit have not-so-obscure names, like American Express, SunTrust, and BB&T.

    Four Banking Committee Democrats — Joe Donnelly, D-Ind., Heidi Heitkamp, D-N.D., Jon Tester, D-Mont., and Mark Warner, D-Va. — negotiated the bill with committee chair Mike Crapo, R-Idaho, after ranking Democrat Sherrod Brown, D-Ohio, broke off talks on a compromise bill with Crapo just last month. Warner’s Virginia colleague Tim Kaine, last year’s vice presidential nominee, signed on as an original co-sponsor of the bill, along with Joe Manchin D-W.Va., Claire McCaskill, D-Mo., Gary Peters D-Mich., and Angus King, I-Maine, who caucuses with Democrats. The Democratic support would give the legislation enough support to break a filibuster, if all Republicans signed on.

    <snip>

     

    More: https://theintercept.com/2017/11/14/bank-deregulation-bipartisan-senate-equifax/

     

     

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24 replies
  • 2 days ago #14
    • Fawke Em (4068 posts)
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      1. Democratic Socialists nearly sweep Tuesday's elections in deep red areas,

      yet the Democratic Party establishment bozos STILL haven’t figured out why they lost 1,100 seats since 2008.

          
      • ThomPaine (4447 posts)
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        5. As long as they get their cut of the graft, they don't care about the loses.

        aka rhett o rick.     The rich treat us like ants. They may avoid stepping on us, but if our home is in the way of their new swimming pool, we can kiss our ants goodbye.
    • daleanime (2483 posts)
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      2. Washington is very Bipartisan……

      when it comes to Wall Street or the MIC.   It’s only when it’s for the people that politicians need the cover of ‘partisanship’.

      When the going gets tough, the tough take care of each other
      • Coldmountaintrail (2997 posts)
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        10. you noticed that too…. ++++

    • Scuba (3839 posts)
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      3. These DINOs need to be kicked to the curb.

      • ThomPaine (4447 posts)
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        6. I so agree.

        aka rhett o rick.     The rich treat us like ants. They may avoid stepping on us, but if our home is in the way of their new swimming pool, we can kiss our ants goodbye.
      • JimLane (1453 posts)
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        15. The only real surprise in the list of Dems is Peters

        He’s generally been fairly decent.  For the rest, it’s the DINO All-Stars.

      • Enthusiast (10167 posts)
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        20. Fat chance.

        "The NSA’s capability at any time could be turned around on the American people, and no American would have any privacy left, such is the capability to monitor everything. There would be no place to hide."  Frank Church "When plunder becomes a way of life for a group of men in society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." - Frederic Bastiat, 1848
    • mmonk (1818 posts)
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      4. Why I will not return even if I live to be 1000.

      They destroyed everything I worked for my entire life for my family. It is why I will never work “inside” the devil itself.

    • B Calm (976 posts)
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      7. Joe Donnelly needs to go!

      “When I was a kid growing up, I think my instincts always were for the underdog.” – Bernie Sanders    
    • 99Forever (3504 posts)
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      8. Somebody please tell me that fairytale of…

      …”Let’s fix the Democrapic Party from within.”

      Not even close to fooled.

      • Dragonfli (1333 posts)
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        9. I do not believe they can accomplish that goal, but in all fairness those

        Sincere in that quest would love to eject right wing pro-bank DINOs like these if they could. Perhaps their efforts, however quixotic, may lead to primaries and the loss of power for these common enemies.

        I say let them try, maybe they can take out some of the right wing Democrat scum garbage.

        “We must dissent from the indifference. We must dissent from the apathy. We must dissent from the fear, the hatred and the mistrust. We must dissent from a nation that has buried its head in the sand, waiting in vain for the needs of its poor, its elderly, and its sick to disappear and just blow away. We must dissent from a government that has left its young without jobs, education or hope. We must dissent from the poverty of vision and the absence of moral leadership. We must dissent because America can do better, because America has no choice but to do better.” Thurgood Marshall

          

        • 99Forever (3504 posts)
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          11. I don't disagree.

          But I also don’t feel any guilt because I’ve stepped back from that virtually impossible quest.

          • Dragonfli (1333 posts)
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            12. We each fight the Oligarchs as we feel best, no need for guilt, I think they

            overestimate the chances of reforming a party so thoroughly corrupt that they rig the game completely and utterly against such reform.

            “We must dissent from the indifference. We must dissent from the apathy. We must dissent from the fear, the hatred and the mistrust. We must dissent from a nation that has buried its head in the sand, waiting in vain for the needs of its poor, its elderly, and its sick to disappear and just blow away. We must dissent from a government that has left its young without jobs, education or hope. We must dissent from the poverty of vision and the absence of moral leadership. We must dissent because America can do better, because America has no choice but to do better.” Thurgood Marshall

              

            • 99Forever (3504 posts)
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              13. You have a way with words, my friend.

      • MistaP (6444 posts)
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        18. TBF most of those proposals conclude with "using several jerrycans of petrol"

        http://www.salon.com/2016/11/09/the-hillary-clinton-campaign-intentionally-created-donald-trump-with-its-pied-piper-strategy/ (Third Way = Bell Curve)
    • Blackspade (3136 posts)
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      14. Assholes.

      • glinda (2168 posts)
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        16. Sums it up.

        Animals know more than we do. - Native American proverb
    • cui bono (1630 posts)
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      17. And this is why there will be no unity.

      Except for the unity between DINOs and the GOP.

      The DNC can try to squash us but we'll just come back stronger.   
      • Enthusiast (10167 posts)
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        21. An ongoing trend.

        "The NSA’s capability at any time could be turned around on the American people, and no American would have any privacy left, such is the capability to monitor everything. There would be no place to hide."  Frank Church "When plunder becomes a way of life for a group of men in society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." - Frederic Bastiat, 1848
    • travelamerica (766 posts)
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      19. The choice between a true progressive and a hypocritical Sleazeocrat

      is the modern dilemma in the Democratic Party nowadays.

    • Eleanors38 (543 posts)
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      22. Wanna know what the S & L collapse and recession in the 80s was about? THIS.

      Every two-room crapper on the corner became a “bank,” competing for depositers with ever-higher savings interest rates. The MSM saw sport in it, starting off newz casts with “Buffalo Butt Savings & Loan in Rusty Fender, Idaho just raised its new-depositer interest rates half a point!…” Then tomorrow it was “Manatee Breath S & L in Lanced Boil, Florida!…”

      Short time later (1986), the stock market dropped 500 points (in an era when far fewer shares were traded) in one afternoon, the fall only interrupted by “computer” before the day ended.

      These schemes are akin to having good sex for free with someone you don’t really want to know.  A day or two later, you still regret it. But wait three or four and that urge…..

    • nevereVereven (3360 posts)
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      23. Spherical bastards. nm

      A hologram of a magnifying glass will also function as a magnifying glass, but a hologram of Sherlock Holmes won't solve anything.  
    • TRex (3036 posts)
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      24. Of course they are. They believe it is the right thing to do.

      Fucking idiots will destroy the middle class right along with the GOP. Most people realize this by now, thankfully.

      The scum have to leave, time for progressives to take the trash out of the party.

      “The 1980s are now calling to ask for their foreign policy back because the Cold War’s been over for 20 years.” - Obama