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Among the problems with the omnibus budget spending bill passed by the House last night in spite of a revolt by a large majority of Democrats against the White House, is a provision written by Citigroup which will repeal (assuming that the Senate caves and passes the funding bill as passed by the House) that part of Dodd-Frank which prohibits further bailouts of the banks for their derivative gambling.
Below are links to (i) Elizabeth Warren’s speech before the Senate yesterday taking on the White House, etc., and particularly Citigroup, for tagging that provision onto the omnibus budget spending bill at the eleventh hour, to get it passed along with that bill to prevent a government shutdown; and (ii) Warren’s questioning of a commissioner of one of the financial regulators re whether it had made any references for criminal prosecutions with respect to the settlements entered by three of the largest banks, in which the banks admitted to criminal behavior. The regulator should have been embarrassed, in fact should have been fired (as should Eric Holder).
https://www.youtube.com/watch?v=DJpTxONxvoo
https://www.youtube.com/watch?v=XmHz6HWhOuI
Below are links to (i) Elizabeth Warren’s speech before the Senate yesterday taking on the White House, etc., and particularly Citigroup, for tagging that provision onto the omnibus budget spending bill at the eleventh hour, to get it passed along with that bill to prevent a government shutdown; and (ii) Warren’s questioning of a commissioner of one of the financial regulators re whether it had made any references for criminal prosecutions with respect to the settlements entered by three of the largest banks, in which the banks admitted to criminal behavior. The regulator should have been embarrassed, in fact should have been fired (as should Eric Holder).
https://www.youtube.com/watch?v=DJpTxONxvoo
https://www.youtube.com/watch?v=XmHz6HWhOuI
