Lawmakers are intent on loosening the restraints on them in hopes that it will boost lending…
But there’s no shortage of credit at present, unless you’re a proven credit risk like the Trump Organization or the Kushner family business. The Senate is trying to fix a problem that doesn’t exist.
Regulations meant for Wall Street are crushing Main Street,” McConnell said.
That is a very big lie. It’s very hard to read such a stupendous falsehood. It’s very hard to hear such a monsterous statement of contempt for reason. Any news media that bothered to explain these regulations with a simple chart could dismantle this lie in a moment. How fortunate for you they never will.
Fuck every Dem who voted for this.
Better to raid the treasury once more.
This could have been foreseen. Wonder why the GOP tolerates Trump? As the late Jimmy Durante said, “Everybody want ta git inta da act!”
“Regulations meant for Wall Street are crushing Main Street,”
No, Wall Street control over Congress via K Street is killing Main Street
In all, 16 Democrats and one independent senator voted with Republicans on the bill, a rarity for major legislation.
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Regulations meant for Wall StreetWalmart, Home Depot, and Amazon are crushing Main Street.”
Fixed.
My two mealy-mouthed Senators - Kaine and Warner - voted for it. The GOP can’t even find a challenger for Kaine, so what the hell is his excuse? Many of us let him know our feelings in no uncertain terms. With all of the crap about Conor Lamb’s “conservatism,” at least he’s honest and forthright about his less-progressive positions, unlike others.
And how fortunate there will be a Democrat in the White House to clean up your inevitable disaster. God, I hate these people.
I think it might be time to jump off the Big Bank Bandwagon and go full-on Credit Union. Outrageous.
Does anyone else remember what the life was like some ten years ago when deregulations meant for Wall Street crushed Main Street?
Yeah, I do…
Right, 'cause it’s those pesky rules that are the cause of economic problems.
Wont it be cool if Trumps vetoes the first bipartisan bill of his presidency?
I know - after more than a year, he’d finally have done something good.
Does anybody remember the subprime crisis ? Made worse by the fine ripoff artists at Countrywide . .
So, who is ready for the economic collapse reboot? It’s only been 8 years which is, like, totally forever!
Once again, we see who really runs our government, and that it is not interested in anything but power and money. I expect this of the Republican party, but it is sad to see Democrats, even if just a handful, swimming in the same dark waters.
“Many people are worried about the gridlock in Congress,” Crapo said. “This bill shows that we can work together and can do big things that make a big difference in the lives of people across this country.”
Of course, he didn’t claim it would be a positive difference.
Colorado’s Democratic senator, the always reliably pro-corporate Michael Bennett, was one of the sixteen.
The Senate passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act deserves a bit more coverage than just the AP boilerplate. A dozen Democratic senators voted for this, which is quite disconcerting (or really great news if the US government actually has $2.5 trillion to shell out on the next financial crisis). Ultimately, the act induces extra moral hazard into the system, and it is something of a surprise that the taxpayer is so eager to pay for it.