Congress finds a bipartisan issue: Wall Street
Submitted by gjohnsit on Wed, 11/15/2017 - 4:48pm
Good news!
Congress has come together in the spirit of bipartisanship to "get things done".
You remember what that's like, don't you?
Just check out the Third Way web site, where they proudly brag "We supported and helped pass into law the Simpson-Bowles commission".
It's in a similar spirit that Congress acted Monday.
A group of senators on Monday rolled out a rare, bipartisan agreement years in the making that would relax a number of banking regulations enacted after the 2008 financial crisis.
...The compromise would ease regulations on small, community banks as well as several larger lenders that have been subject to stricter oversight because they have more than $50 billion in assets.
But with nine Republicans, eight Democrats and one independent senator signing on, the package had a significant head start on the way to advancing through the Senate, where bipartisan agreement is essential to passing most laws.
“Our bill is an example of how if Democrats and Republicans can put partisanship aside and work together, we can reach real compromises that support the country,” Sen. Heidi Heitkamp (D-N.D.) said.
Doesn't it just warm your heart that Republicans and Blue Dog Dems can work together with the idea that Wall Street banks with more than $50 Billion shouldn't be punished with regulations?
Of course not everyone feels the same.
While five of these senators face re-election next year and come from states won decisively by President Donald Trump, Democrats scored a major victory over Trumpism in Virginia just last week, winning the governor’s race and potentially wrestling control of the heavily gerrymandered House of Delegates. Having Virginia’s senators engineer a bank deregulation bill days later sits uncomfortably with that triumph of the resistance.
“Using a moment the Democratic base is busy fighting the corporate giveaways in Trump’s tax scam to push through a gift-wrapped present for bank lobbyists is as cynical as Washington gets,” said Kurt Walters, campaign director for Rootstrikers, a grassroots progressive group.
...Despite nonstop political caterwauling between Democrats and Republicans, nothing brings Congress together like following the banking industry’s wishes.
“With scandals at Wells Fargo and Equifax so recent or even ongoing, Congress ought to be passing robust new consumer protections, not doing favors for banks,” said Stanley.
There are still two bipartisan issues in Washington: Wall Street and war.
Comments
Let's Pretend There Is No Corruption
In The Democratic Party.
Ok, I'm stumped, stymied and baffled. How do you do that? The DLC, Mainstream media, GOS and all kinds of websites manage to pull it off. Nope, no gambling going on at Rick's Cafe. America is the land of the free. No problem here.
"They'll say we're disturbing the peace, but there is no peace. What really bothers them is that we are disturbing the war." Howard Zinn
One more nail in the Dem Party coffin
....
Rootstrikers call out Schumer...
...
A truth of the nuclear age/climate change: we can no longer have endless war and survive on this planet. Oh sh*t.
There are never . . .
5 or 6 Republicans to go along with Democrats because Republicans were willing to remain in the minority to purge people like Sens. Mike Castle and Richard Lugar. The Democrats should learn from their experience.
If I lived in a district represented by a blue dog I'd vote Republican. Apparently the single issue that unites Democrats is that Chuck Schumer and Nancy Pelosi deserve nicer offices.
"At last! The rich and powerful can speak for all!"
-Firesign Theatre alums Proctor and Bergman
"Just call me Hillbilly Dem(exit)."
-H/T to Wavey Davey
Congress always seems to have time for....
Wall Street blowjobs and military handjobs. But when it comes to the rest of us? Nope. We can just drink lead.
Modern education is little more than toeing the line for the capitalist pigs.
Guerrilla Liberalism won't liberate the US or the world from the iron fist of capital.
Great. Working together to starve the 99%.
We move our accounts to small community banks to get fewer and lower banking fees.
Now, it doesn't matter. Fees will jump. Community banks can compete...yeah! That's the ticket!
"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981
More bipartisanship legislation passed
There is no way people can say that there is a difference between the two parties. The only difference between them is on social issues that don't get in the way of profits.
Have you noticed how no republicans vote with democrats as often as the blue dog democrats do with the republicans? There seems to have always been 5-6 democrats that can be counted on to vote with republicans.
House Approves $700B 'Cash Cow for Weapons Companies'—But Single Payer 'Too Expensive'
There were problems with running a campaign of Joy while committing a genocide? Who could have guessed?
Harris is unburdened of speaking going forward.
I sent my congresscritter a rather nasty
Only a fool lets someone else tell him who his enemy is. Assata Shakur
Wall Street:
never before have so many owed so much to so few.
I forget
I forget who it was- Mark Twain or Will Rogers maybe- who said whenever they brag up the bipartisan angle you know the public is getting extra bigly plundered.
bygorry
I've decided that all this
trying to oppose and correct kleptocracy stuff is a lost cause. It will have to collapse on its own over reach and greed. It may not happen in my life time even though on many days I think the status quo will break. Until then and until the long knives come out, this debt slave will burrow deeper into the salt mine, and work it, work it , work it.
Wash, rinse, repeat
That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --
If it is called "national socialism" when
the government controls the corporations, what is it called when the corporations control the government? "Social nationalism"?
@strollingone
I know you didn't ask me, but if you did ask me, I'd suggest the suggestion of an 'anti-' in front of that 'social'...
Psychopathy is not a political position, whether labeled 'conservatism', 'centrism' or 'left'.
A tin labeled 'coffee' may be a can of worms or pathology identified by a lack of empathy/willingness to harm others to achieve personal desires.
Ellen, I do ask you and gleefully raise the
anti- to make "antisocial nationalism" the current term for the case in which corporations control the government. Maybe it could be corporment or governations?
@strollingone
Oh, I think 'corporment', as there's certainly no actual governing about it - wouldn't you say?
Or since there are multiple corporations involved, perhaps Anti-Social Corpserment? That describes what they do to the public, economy and environment, too.
Psychopathy is not a political position, whether labeled 'conservatism', 'centrism' or 'left'.
A tin labeled 'coffee' may be a can of worms or pathology identified by a lack of empathy/willingness to harm others to achieve personal desires.
I think we're onto something here.
Bet if we post it enough times and places it will catch on.
@strollingone
Lol, we'll start a new rant craze!
Psychopathy is not a political position, whether labeled 'conservatism', 'centrism' or 'left'.
A tin labeled 'coffee' may be a can of worms or pathology identified by a lack of empathy/willingness to harm others to achieve personal desires.