Want proof the big bankers own Congress? How Wall Street Might Still Kill Financial Reform

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Want proof the big bankers own Congress? How Wall Street Might Still Kill Financial Reform

Want proof the big bankers own Congress? How Wall Street Might Still Kill Financial Reform

H/T Abigail Field

It’s all of them.

HuffPO-

Financial reformers have won a small battle in their fight with Wall Street over financial regulation, but they’re still at risk of losing the war.

It appears that heavy pressure from an unusual coalition of financial regulators and reform advocates has convinced the Senate Committee On Homeland Security And Governmental Affairs to delay a vote on a controversial bill, the Independent Agency Regulatory Analysis Act (S. 3468), that would give the White House unprecedented power to frustrate independent regulatory agencies trying to make new rules, including rules meant to prevent another financial crisis.

Homeland Security Committee Chairman Joseph Lieberman (I-Conn.) reportedly had planned to push the bill out of committee on Thursday for a quick vote on the Senate floor. But it is not on the agenda now, according to a Lieberman spokeswoman. The bill is not dead, however; it has merely been delayed. And other, potentially more dangerous, bills designed to gut financial reform are still lurking in Congress.

[HUFFINGTON POST]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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