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 mélange of 11 bills – all meant to weaken regulation of banks and the financial industry – that 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."