Saturday, January 10, 2015

House Democrats swiftly kill a quiet Republican plot to protect Wall Street

http://www.theguardian.com/business/2015/jan/08/house-democrats-swiftly-kill-a-quiet-republican-plot-to-protect-wall-street
"On Wednesday, congressional Republicans tried to pull a fast one.
Just hours after being sworn in for the 114th Congress, House Republicans introduced a bill with an Orwellian title – The Promoting Job Creation and Reducing Small Business Burdens Act – complete with its own social media campaign under the (as it turns out, ironic) hashtag “#FreeMainSt”.
The legislation was a m̩lange of 11 bills Рall meant to weaken regulation of banks and the financial industry Рthat were written in the last session of Congress and never went anywhere. The new Frankenbill of loose ends was wrapped into a neat package and presented to a new Congress without debate."