Sen. Elizabeth Warren is not happy about the plan to weaken regulation of big banks
that Republicans managed to insert in the spending bill. She's so not happy, in fact, that she's calling on Democrats to oppose the overall bill unless that provision is removed:
“Who does Congress work for?” Warren said in a speech on the Senate floor Wednesday afternoon. “Does it work for the millionaires, the billionaires, the giant companies with their armies of lobbyists and lawyers, or does it work for all the people?” [...]
“Now, the House of Representatives is about to show us the worst of government for the rich and powerful,” she continued. “The House is about to vote on a budget deal, a deal negotiated behind closed doors that slips in a provision that would let derivatives traders on Wall Street gamble with taxpayer money and get bailed out by the government when their risky bets threaten to blow up our financial system.”
We've seen that one before, and it led to a giant economic crash. You might remember it. Shoot, you might still be unemployed after losing your job as a result of it.
Congressional Democrats are right to want to pass a bill to keep the government open. But that doesn't mean Republicans should be able to get any old terrible thing they ask for and set our economy up for further domination by Wall Street.