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Republicans gut Wall Street reform laws.


homersapien

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See, it's stuff like this that makes it so hard to find a party. It's why I stopped identifying as a Republican. When push comes to shove, there's a core group controlling things that never sticks up for the rest of us. Their friends are in Wall Street and big corporations.

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Both sides are to blame...Wall Street also pays heavily into Democrat coffers during election time. So to lay it only on onside is pretty funny....and if you think otherwise who was in control during the last bailout? wasn't the Republicans. Too bad we can't take the money out of politics. If we could then we would actually get leaders in there that could truly make a significant difference for our country.

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Both sides are to blame...Wall Street also pays heavily into Democrat coffers during election time. So to lay it only on onside is pretty funny....and if you think otherwise who was in control during the last bailout? wasn't the Republicans. Too bad we can't take the money out of politics. If we could then we would actually get leaders in there that could truly make a significant difference for our country.

In general, yes. In this specific case where there's an effort to place some speed bumps on what happened back in 2008, no both sides are not to blame. From the story:

The Senate Appropriations Committee voted Thursday to pass a $20.6 billion spending bill that would decimate President Barack Obama's signature Wall Street reform law.

The committee met to vote out the 2016 financial services appropriations bill. But in an unusual move, Sen. Richard Shelby (R-Ala.) offered an entire bill as an amendment: the Financial Regulatory Improvement Act, a bill he authored and already passed out of the Senate Banking Committee, which he chairs. His legislation takes direct aim at the 2010 Dodd-Frank financial reform law. It would dramatically restrict the government's ability to regulate big banks by easing regulations for dozens of mid-size lenders and beefing up oversight of the Federal Reserve. It also rolls back key consumer protections.

Democrats seemed stunned by the move, not just because they oppose GOP efforts to chip away at the law, which came in direct response to the lack of regulations on banks that caused the 2008 recession. They were also amazed by the decision to attach Shelby's entire bill -- all 236 pages of it -- to an annual spending bill that was 184 pages long...

The bill ultimately passed 16-14 with Shelby's amendment in it. It was a party-line vote.

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Both sides are to blame...Wall Street also pays heavily into Democrat coffers during election time. So to lay it only on onside is pretty funny....and if you think otherwise who was in control during the last bailout? wasn't the Republicans. Too bad we can't take the money out of politics. If we could then we would actually get leaders in there that could truly make a significant difference for our country.

Certainly Democrats are just as happy as Republicans to take Wall Street's money.

However, it seems Wall Street is getting more bang for it's buck from the GOP: They're the ones eager to turn the rapacious Wall Street wolves loose to prey upon the middle class with no restraint on their actions or greed. Despite the complaints about "Obama's bailouts" that began before he took office, the GOP seems happy to say "Okay, let's do it again". It's the Democrats trying to rein in the wolves with sensible regulation and consumer protections. So as I said: More bang for their buck with the GOP. [Of course, one might also argue the Dems are guilty of dishonesty by not keeping their part of the bargain. :gofig: ]

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Both sides are to blame...Wall Street also pays heavily into Democrat coffers during election time. So to lay it only on onside is pretty funny....and if you think otherwise who was in control during the last bailout? wasn't the Republicans. Too bad we can't take the money out of politics. If we could then we would actually get leaders in there that could truly make a significant difference for our country.

It's not "funny" to lay this particular action on one side at all:

Sen. Chris Coons (D-Del.) offered an amendment to strip all policy riders from the appropriations bill, including Shelby's proposal. It was defeated 14-16.

The bill ultimately passed 16-14 with Shelby's amendment in it. It was a party-line vote.

The old excuse of "both sides are guilty" just doesn't fly in this case.

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In this one particular case maybe...but overall both parties are to blame....Dodd Frank is a law that affects more than just banking or wall street and compliance is not straight forward...

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This is all just a bunch a bull. Them poor banks done got forced to give loans to dead beats libtards who weren't never gonna make the first payment. The problem aint them banks its the libtards who thinks everbuddy get a free house two life in.

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In this one particular case maybe...but overall both parties are to blame....Dodd Frank is a law that affects more than just banking or wall street and compliance is not straight forward...

But we weren't talking about overall. The original post cited a very specific and key example of this kind of thing. And it was the Republicans who licked their master's boots in killing it.

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In this one particular case maybe...but overall both parties are to blame....Dodd Frank is a law that affects more than just banking or wall street and compliance is not straight forward...

The overall problem is made up of a large aggregate of "one particular" case or issues.

And this particular issue is a huge one.

If such a common sense measure to reform financial recommendations won't stand, what hope is there for solving the overall problem?

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Dont lissen two these moron libtards. They no dam well whos to blame and it aint the job creaters its the no good dead beet libtards. They is lyin just like there pantsuit hero.

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