2018: 50 Dem reps, 17 Dem senators vote to weaken Dodd-Frank banking regulations

[Fiendish Thingy]

Along with all the republicans, Which was then signed by Trump and led to the SVB melt down.

They overcame a filibuster to weaken regulations for this particular bank, whose CEO lobbied hard for relaxing regulations regarding capital liquidity.

Just sayin’, to keep the record straight.

No SVB depositor should be bailed out for more than the FDIC max of $250k. SVB was not like George Bailey’s savings & loan…

[Phoenix61]

1. It was 33 Dem Reps. Still a disgustingly high number.

“The “Crapo bill,” a bank deregulation measure co-authored by Senate Banking Committee chair Mike Crapo, R-Idaho, and several centrist Democrats, passed Congress this spring with the help of 17 members of the Senate Democratic Caucus and 33 House Democrats.”


In the 10 states where Donald Trump won in 2016 and a Democratic senator stood for re-election this year, the three who opposed the Crapo bill all won a greater share of votes in their states than the seven who voted for it. Senators voting “no” averaged 54.7 percent of the vote and won by 10 percentage points, while the “yes” votes averaged 48.1 percent and lost by 1.5 points. The only Republican who lost, Dean Heller of Nevada, also voted for the Crapo bill, and fell by 5 points to Jacky Rosen, who voted against the legislation in the House.

https://theintercept.com/2018/11/10/dodd-frank-deregulation-midterms-2018/

Seems several got what they deserved…except Sinema.