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View Diary: Naked Capitalism: "...Democrat Bank Stooges Launch Bills to Permit Bailouts, Deregulate Derivatives" (109 comments)

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  •  Correction: (3+ / 0-)
    Recommended by:
    terabytes, kefauver, scott5js

    No House Republicans voted for the bill, but Republican votes were needed in the Senate, and look what that led to.

    After Watering Down Financial Reform, Ex-Senator Scott Brown Joins Goldman Sachs’ Lobbying Firm
    http://thinkprogress.org/...

    •  The greater reality is that it's usually much... (10+ / 0-)

      ...more important, when it comes to ANY legislation, in terms of what happens to it after it's "passed." And, then how well-funded the regulatory arms of our government are when it comes to enforcing those laws. When all that's said and done, we need only look at the actions of AG Holder and the DoJ's (former) criminal division chief Breuer to underscore a greater, inconvenient reality. Their negligence inaction occurred with Democratic oversight/rule, too. And, at the end of the day (and reiterating what I state at the beginning of this comment), we can pass all the laws and legislation we wish.  What matters AFTER that is what really matters.

      "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

      by bobswern on Wed Mar 20, 2013 at 05:11:26 PM PDT

      [ Parent ]

      •  How does this help? (2+ / 0-)
        Recommended by:
        kefauver, scott5js

        When you start by saying Democrats and Republicans are equal, how are you helping?  This reminds me of "Kill The Bill".  

        Democrats passed Dodd-Frank, and even it's sponsors were amazed that they got more than they hoped for, given the opposition.  Since then, all I read here is that it's not enough, it's not harsh enough, the banksters weren't jailed.

        This is a pivot for the Republicans, a way to make it look like they give a shit about TBTF, and we're missing the fact that Dodd-Frank puts the bailout problem in the hands of the banks, not the taxpayers.

        Let them be too big to fail, let them make the same stupid mistakes again, and then watch them break up those big banks themselves after it costs THEM billions to clean their own litter box.  

        In the meantime, could we possibly avoid helping the Republicans gut the best regulations since FDR?  Just once, could we stop spreading the gloom and doom and start working on making the initial reforms stronger?  

         

        I'm not looking for a love that will lift me up and carry me away. A love that will stroll alongside and make a few amusing comments will suffice.

        by I love OCD on Thu Mar 21, 2013 at 06:45:12 AM PDT

        [ Parent ]

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