33 House Democrats just joined Repubs to roll back Wall Street reforms

[dixiegrrrrl]

Here's how much in bribes the Dems got:

Link to tweet

The list of the Dems voting to gut bank reform.

Link to tweet

[triron]

1. Why would they do this is beyond me.

[el_bryanto]

2. "Banks are complicated . . .and i doubt my citizens will care or even understand why this might go

bad. So really, it's no harm, no foul. And the financial industry did put a hell of a lot of money in my pac, so . . . it's all good."

Bryant

[JustAnotherGen]

3. Gottheimer's district

North of mine - but it's the same 'area' - a lot of Financial Sector Bridge and Tunnel folks there -

Here's what he's up against -

Election results from presidential races
Year Office Results
2000 President Bush 52 - 45%*
2004 President Bush 57 - 43%*
2008 President McCain 54 - 45%*
2012 President Romney 51 - 49%
2016 President Trump 49 - 48




No excuses from me as he's not my critter - but rest assured - his folks will pay the price WHEN their bank (Employer) fails.

[dixiegrrrrl]

8. WE will pay the price.

That's the problem. He is accountable directly to his district, of course, but congress actions affect the whole country.
This year of all years, he could have had some faith in the election results.

Unless, he is a DINO. Or swayed by the.."contributions" to vote against his party interest.

[JustAnotherGen]

9. In that district Dixie

He has to give a few to them.

In our district - where Lance has been in office since I moved to NJ? But Clinton won in 2016? And where we flipped TWO assembly seats from Red to Blue (NJ State)?

Malinowski will be able to vote against things like this. In 2018 -the Bergen county part of Gottheimers district might be blue enough where he can run and vote for Centrist Democratic Principles.

I have to be honest with you - I have a corner home in the historic district of a small town. On my 'front door street' I have two homes with NYC Financial District owners. A block to the left and the right of my 'side door street' - I have 7.

I'm in Telecom (Big Data Manufacturing now). We have quite a few big pharma employees in our neighborhood too.

You can't elected in the wealthier areas of NJ unless you support those three industries. You just can't.

[zipplewrath]

4. Barney Frank

Frank admitted that some of this was stuff the democrats have wanted to change since Obama's days, but the GOP would never cooperate because they wanted to kill the whole thing. Some of the stuff, like the switch from 50 billion to 250 billion, while riskier, isn't a make or break issue. It reduces the number of exposed banks, but if more than 2 or 3 of them fail at the same time, it could be a disaster.

And as Frank said, the GOP has now used up all their powder on this one. Especially if the dems win any significant number of seats in November, they'll never be able to push anything through.

The dems got some changes they wanted, the GOP got some changes they wanted. Now the party is over. That is compromise, and when you're in the minority, that's about all you can hope for. And the truth be known, even if we do win a majority in November, it won't be large enough to force through OUR changes to Dodd-Frank.

I'm far more pissed that my Senator voted for the Torture Queen's confirmation.

[Greybnk48]

5. Ron Kind of Wisconsin having a (D) after his name is a joke. n/t

[Nanjeanne]

6. Himes will always side with his WS cronies against the citizens of CT. On Sen side

Blumenthal and Murray both voted No. Disgusted with Himes but it's certainly not the first time I am.

[vi5]

7. "But...but.....75% of the time!!! 75% of the time!!!!"

Of course when each little sub-group of Dems gets their own 25% of the time being allowed to tell the party and it's members/voters to go fuck themselves, that's why nothing gets done or when things do manage to slip through and get done they are so watered down and neutered to please clowns like these.

But hey, at least they vote for a Dem as majority leader. Sure we can't actually do anything or get anything done because of them but hey......at least the failed bills will have our names on them!!!

[Hortensis]

10. Hate it too, but these conservative Dems average

around 50:50 voting for Dems and Repubs. If they were Repubs it'd be 97-100% Repub.

THEIR CONSTITUENCIES will replace them when and if they're ready to.

[GulfCoast66]

11. This is a complicated issue.

Last edited Wed May 23, 2018, 08:10 PM - Edit history (1)

Some of the regulations put into effect after the crash was to prevent too big to fail.

But in too many cases it devastated small locally owned banks, ironically forcing them to sell out to the big boys.

The small gulf coast town I plan on settling in had a small local bank. It never went under and made it thru the crash. But it could not make it through over reaching standards that did not work for banks its size. The town is now served but a large regional banked headquartered in Arkansas for goodness sake. This kind of stuff pisses of Democrats as much as republicans.

It is not as simple as buying off Congress members. By big banks. They actually benefited from some of the original regulations.

[FirstLight]

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