GOP’s Plan to Dismantle Dodd-Frank. Sen. Warren: “Congressman Hensarling’s wet kiss 4 the W/S banks"

[Bill USA]

http://www.nytimes.com/2016/06/08/business/dealbook/republicans-plan-to-dismantle-dodd-frank-rekindles-a-debate.html?ribbon-ad-idx=19&rref=politics&module=Ribbon&version=context®ion=Header&action=click&contentCollection=Politics&pgtype=article

WASHINGTON — A proposal by a senior House Republican to dismantle portions of the 2010 Wall Street reforms known as the Dodd-Frank Act has rekindled a partisan debate over the state of banking regulation eight years after the financial crisis.

Representative Jeb Hensarling of Texas, who is chairman of the House Financial Services Committee, outlined the main parts of his plan on Tuesday during a speech in New York. He plans to introduce the legislation this month. The debate shows how divided Washington remains over how to supervise the financial industry, from the big banks to the small community institutions.

Mr. Hensarling’s plan, called the Financial Choice Act, builds on longstanding Republican hostility to the financial reform law, rolling back significant provisions and limiting the role of regulators in overseeing the country’s biggest banks. But it also advocates stronger penalties for financial fraud and puts a focus on capital buffers for large banks.

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Back in Washington, Democrats had sharp words for the plan. “We’ve only seen a summary of the bill so far, but even from that, it’s clear that Congressman Hensarling and his fellow Republicans think that the poor Wall Street banks have suffered too much under the new rules, and it’s time for them to return to the good old days before the 2008 crisis, when these banks could run wild,” Senator Elizabeth Warren, Democrat of Massachusetts, said during a hearing of the Senate Banking Committee on Tuesday.

Senator Warren called the bill “Congressman Hensarling’s wet kiss for the Wall Street banks.”
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[font size="+1"] Sen. Elizabeth Warren, I LOVE YOU![/font]

[warrprayer]

1. Has Hillary said

She would veto such a bill if they try to push it through on her watch?

[Bill USA]

2. she'd probably go kick Repugnant ass all over the Congressional office building. OF course, the

fact that the GOP wants to dissembowel D/F sortof runs against BS doctrine that it was a fake financial reform bill which WS found quite acceptable. LOL!!

[Hydra]

3. Why would she do that?

She's going to "get things done" for her donors.

Hint: That's not us.