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Wall Street un-reform
The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.
This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.
Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.
What the 1.1 trillion spending bill contains TheHill
Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.
The bill includes language repealing part of the Dodd-Frank Wall Street reform law that will allow banks covered by the Federal Deposit Insurance Corporation to directly engage in derivatives trading.
This set off the biggest political storm for the legislation, as Sen. Elizabeth Warren (D-Mass.) led a liberal insurrection against the White House, which decided not to fight Republicans over the measure.
Wall Street lobbied for the change, and the bill will be sent to Obama with the language in it.
What the 1.1 trillion spending bill contains TheHill
Don't you get it? It was "derivatives trading" from the deregulated economy under Bush that gave us the recession and brought down the world economy. It wasn't enough for the GOP. They will do anything to "finish the job" started under Bush.