Tuesday, March 6, 2018

Warren and Sanders on the bank deregulation bill

Her FB comment follows, with a link to this Intercept article.

"Today the Senate is back from a week-long break. Their first order of business? No, not gun reform. Not the DREAM Act. This week’s priority is to roll back the financial regulations that we passed after the 2008 crisis for 25-30 of the biggest banks in this country.The first procedural vote in the Senate to roll back the banking regulations is scheduled for tomorrow. Right now, they have the votes both from the Republicans AND Democrats to do it.Most Americans have no idea this is coming – and the Senate would prefer it stays that way. A majority of Americans – Democrats, Republicans, and Independents – support stronger rules on Wall Street, not weaker ones. The only way we have even a fighting chance to stop this bill is to let the American people know it’s happening – and tell them they need to fight back."

See Sanders video comments here, where he noted:

"How absurd is this - today my Republican colleagues along with some Democrats tell us that we should be spending all of our time on the floor deregulating some of the largest banks in America. Are our memories so short that we have learned nothing from the 2008 Wall Street crash?"

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