Republican Nirvana: Congress Votes On Bill To Aid Wall Street Banks ... And The Koch

[Crabtownboy]

And the GOP likes to tell us they have the average person's welfare at heart. Does not look like it. Helping banks and the Koch brothers hide transactions and making another 2008 possible.

House Republicans will vote Wednesday on a bill to help Wall Street banks and the Koch Brothers avoid regulatory scrutiny for risky trades similar to those at the heart of the 2008 financial crisis.

The legislation would allow banks to dodge market transparency and government oversight by conducting trades through offshore affiliates. By simply booking a trade in a London-based subsidiary, for instance, banks could avoid U.S. standards -- even if work on the trade was actually conducted within the United States. The bill would also hamstring funding for a key agency, and make it easier for the largest banks to sue financial regulators over rules the banks don't like.

"If you liked the financial crash of 2008, you're gonna love the financial crash that this Wall Street-drafted bill is gonna deliver you," Dennis Kelleher, President and CEO of Better Markets told HuffPost.

http://www.huffingtonpost.com/2015/...all-street_n_7544956.html?utm_hp_ref=politics

 

[church mouse guy]

Hope that they are now interfering with Chelsea and her husband in their ability to make money. Guess she made $15,000,000 right off on Wall Street. Of course the Clintons are worth $100,000,000 and are part of the one percent. Wall Street has done very well under Obama although the rest of the country is declining financially. It would help if George Soros would pay his taxes as rapidly as he paid the Ferguson demonstrators.