GOP begins rollback of Wall St. reform

[TomCADem]

Source: Politico


House Republicans quietly took their first legislative step Wednesday at repealing Wall Street reform, exposing the difficulty of rolling back a major Barack Obama law that isn’t health care.

When the GOP took over the House in January, leadership’s first — and very public — move was to bring a one-line health care repeal bill straight to the floor with the backing of their full caucus, from tea party freshmen to establishment veterans. That brash action stands in stark contrast to Wednesday’s sparsely-attended Financial Services subcommittee hearing, where the panel introduced the first five bills aimed at taking down key portions of the Dodd-Frank law enacted last summer.

Republicans clearly want to strike at the heart of banking reform with legislation attacking new regulations on derivatives, credit rating agencies and private equity firms. But their piecemeal approach suggests they are trying to do so without appearing to favor Wall Street over Main Street.

And for a party so vigilant on its messaging, the GOP doesn’t intend to swing the door wide-open for Democrats to go on the offensive in ways they couldn’t during the repeal debate over the far less popular health care law.

Read more: http://www.politico.com/news/stories/0311/51458.html

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I am sure the cable media will cooperate and give Republicans cover by leaving GOP talking points about socialism and unions being filled with elitists unchallenged. Hey, perhaps they can even fund some astroturf to attack financial reform from the left so that deregulation appears bipartisan.

[GatesofPunk]

1. Ah, the Republican slogan...

"Of the corporations, by the corporations, for the corporations."

[valerief]

5. The funny thing is, most Republicans can't even spell 'corporations'. nt

[GatesofPunk]

6. I know, right? It's no wonder....

they support cutting education spending. They want everyone to be equally stupid as them.

[Angry Dragon]

2. Why does the Regressive party hate America so much??

[GatesofPunk]

3. They are mindless idiots with poor education...

I'd like to believe it wasn't on purpose.

[louslobbs]

4. The Republicons have to roll back wall street reform, otherwise, the regulations could pull the plug

on Grandmas investments and retirement future. This would just kill Grandma, better just get rid of her Social Security and Medicare. Republicons are really really disturbed people.
Lou

[defendandprotect]

7. Right wing -- corrupt and criminal interests -- GOP supporting them ...

The Rightwing Koch Bros. Funded the DLC --

http://www.democrats.com/node/7789

http://upload.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x498414

If you knew this, why didn't you tell us?

If you didn't know it, pass it along!


:)

[WHEN CRABS ROAR]

8. Just watched the DVD Inside Job rent it !

We need to change our system, peacefully, but with resolve. People on Wall Street need to go to jail for their crimes. They have stolen more from us than all the criminals in our prisons put together.

[USBlues]

9. Do you really think these criminals will go peacefully?

Of course I want a peaceful transition from this corporate ruled BS we have been force fed by the rich. But it seems to me these are radicals. Walker is a radical...that creep in Florida is a radical. We are watching radicals all over the country take this nation down. I just dont see this ending peacefully, as nice as that sounds. It takes radical action to confront radicals.

[Scuba]

10. And citizens here in Wisconsin have begun...

...a rollback of Republicans.

[RedCloud]

11. The robber barons and their repuppetagain friends.