In the span of a month, the nation’s biggest banks and investment firms have twice won passage of measures to weaken regulations intended to help lessen the risk of another financial crisis

WASHINGTON — In the span of a month, the nation’s biggest banks and investment firms have twice won passage of measures to weaken regulations intended to help lessen the risk of another financial crisis, setting their sights on narrow, arcane provisions and greasing their efforts with a surge of lobbying and campaign contributions.

The continuing assault on the 2010 Dodd-Frank law has achieved remarkable success, especially compared with the repeated failures of opponents of another 2010 law, the Affordable Care Act.

The financial industry has been methodical, drafting technically complicated legislation that can pass the heavily Republican House with a few Democratic votes. And then, once approved, Wall Street has pushed to tack such measures on to larger bills considered too important for the White House to block.

The House was back at it this week. Lawmakers approved by a vote of 250 to 175, with just eight Democrats in support, a broad measure to impose a variety of new restrictions on federal regulators, like stricter cost-benefit analyses and an expansion of judicial review. That measure would affect every regulatory agency, be it the new Consumer Financial Protection Bureau or the century-old Food and Drug Administration. And like past attacks on the health care law, it has little chance of overcoming a threat of a presidential veto.

But House members also took up a narrower measure that would slow enforcement of Dodd-Frank requirements and weaken other regulations on financial services companies. The legislation will almost certainly pass on Wednesdayhttp://www.nytimes.com/2015/01/14/business/economy/in-new-congress-wall-st-pushes-to-undermine-dodd-frank-reform.html?hp&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news&_r=2

Views: 178

▶ Reply to This

Replies to This Discussion

They will do whatever it takes to prop up their money system, including taking private accounts. And they've already got it in the works to do that.

http://12160.info/profiles/blogs/secret-fdic-plan-to-loot-bank-acco...

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

cheeki kea commented on cheeki kea's photo
Thumbnail

Something for you

"President Trump arranged for this prioritised contingent to arrive in USA weeks ago but we all know…"
39 minutes ago
cheeki kea posted a photo
1 hour ago
tjdavis posted a video

We Live in Public | Official Trailer | Documentary

Winner of the Grand Jury Prize for best documentary at Sundance Film Festival and Certified Fresh on Rotten Tomatoes, We Live in Public is the fascinating do...
12 hours ago
tjdavis posted a blog post
12 hours ago
Sandy posted videos
18 hours ago
Sandy posted photos
18 hours ago
Sandy posted a photo
Friday
Doc Vega posted a blog post
Thursday
cheeki kea commented on cheeki kea's blog post What is Play doh Theory ?
Thursday
cheeki kea posted a blog post
Wednesday
Doc Vega posted blog posts
Wednesday
Snakedaddy favorited tjdavis's photo
Wednesday
Doc Vega commented on Doc Vega's blog post The Left's Halloween Fantasy
"tjdavis Thanks for your support! "
Tuesday
Doc Vega commented on Less Prone's video
Thumbnail

🔴 LIVE in English: COVID Shots Dutch Court Hearing vs Bill Gates, Pfizer et al. — Oct 22

"Ha, one thing that is hllarious is since Bill gates is a globalist he will submit to the court that…"
Monday
Doc Vega commented on Less Prone's video
Thumbnail

🔴 LIVE in English: COVID Shots Dutch Court Hearing vs Bill Gates, Pfizer et al. — Oct 22

"Less Prone! I couldn't agree more! We the people are not allow to be at the helm and the ones…"
Monday
Doc Vega posted blog posts
Monday
tjdavis favorited Doc Vega's blog post The Left's Halloween Fantasy
Nov 1
Doc Vega posted a blog post

The Orbital Horror-Halloween Story Number 5

Captain, Douglas Mitchell, of NASA’s space exploration unit had been invited to a hush hush meeting…See More
Oct 30
Snakedaddy favorited Less Prone's profile
Oct 28
Tori Kovach left a comment for Less Prone
"Hello Less Prone, I am an infrequent visitor just to let you know. It is nice to know there are…"
Oct 28

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted