Saturday, December 5, 2015

Senator Warren on Dodd-Frank rollbacks

In this speech she makes clear how Wall Street is trying to roll back financial regulation by hiding it in amendments in the must-pass government funding bill instead of trying to do it openly. And Republicans are happy to do it this way, since it provides cover for their obvious payoffs and not having to have it on record they they openly supported such hidden rollbacks. Warren makes clear that in these amendments you are either for working people or Wall Street; there is no in-between in this case. These rollbacks will directly lead to yet another financial crisis where Wall Street profits outrageously while we the people are stuck with the bill when such reckless behavior crashes the economy once again.

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