Carper/Coons Attempt to Nix Dodd-Frank May Die in the House

Filed in National by on March 16, 2018

“Die” is perhaps not the right term. “Turned into an unpassable shitmess that gives even more to the banks” is closer.

That’s right. Carper’s plan to allow 25 of the nation’s 38 biggest banks return to the casino with deposits and have their gambling losses underwritten by you, while allowing lenders to racially discriminate when writing mortgages doesn’t go FAR ENOUGH for House GOPers.

Representative Jeb Hensarling of Texas, the Republican chairman of the House Financial Services Committee, said the chamber had no intention of “rubber stamping” the measure that the Senate passed on Wednesday evening. He said the Senate bill marked the beginning of negotiations.
“Some seem to be under the impression that we are going to vote on their bill,” Mr. Hensarling said during a briefing on Thursday. “They are under a misimpression.” […]

“Why would we look at this product in the Senate as the max that should be done?” asked Representative Bill Huizenga, a Republican from Michigan.

Via Daily Kos

Screen Shot 2018-03-10 at 9.24.22 AM

About the Author ()

Jason330 is a deep cover double agent working for the GOP. Don't tell anybody.

Comments (23)

Trackback URL | Comments RSS Feed

  1. bamboozer says:

    Cool, predict Hensarling will blink and the travesty will be signed into law. The countdown to meltdown will begin. Ever notice America rarely learns a lesson worth the having.

  2. It won’t die. It will come back from the House even worse. And Carper/Coons will end up voting for whatever the House adds to the bill.

  3. Paul says:

    So now we are openly talking about a bill that gives full license to racial discrimination. Looking at this governing troika, never saw that coming. What surprises and enrages me is that C&C are on board. This is a blue state, with blue state values and a blue party platform. What part says, “We democrats vote to reimplement institutional racial discrimination”? Senators, racial discrimination is a “red line” in the Democratic party. How could you not see that?

  4. puck says:

    “Senators, racial discrimination is a “red line” in the Democratic party. How could you not see that?”

    Sounds like a great issue for a primary campaign. I assume minority voters don’t turn out in numbers for a primary, but this could be the issue that gets them there. The press won’t cover it of course, so it will have to be mostly word-of-mouth.

  5. puck says:

    Let’s see if our historic congressperson votes the same way on this as all the old white men.

  6. spktruth says:

    Carper and Coons got hundreds of thousands for their vote. I posted that story here did someone take it down. MONEY is the only thing these two rethugs believe in and keeping their power while voting against us.

  7. spktruth says:

    Of these 16, Sen. Mark Warner is the king of bank money. Over the course of his career, Warner has collected a combined $3,339,882 from “savings and investment” firms and $3,373,559 from lawyers and law firms. Sen. Mark Bennet has the broadest band of special-interest money, with $3,315,931 from financial institutions, $3,302,840 from lawyers and law firms, and $828,223 from lobbyists. But each of them has done well.

    Tim Kaine, the Democratic Party’s 2016 vice presidential candidate, received $1,644,469 from financial institutions and $3,753,613 from lawyers and law firms.

    (These figures were tabulated from the Open Secrets pages for each senator. The totals are slightly understated, since Open Secrets only lists the highest-contributing industries for each politician.) Common Dreams has a list of what each one got..I was wrong it wasnt hundreds of thousands, Carper got over one mill and Coons got over $2M.

  8. RE Vanella says:

    Put 10 points in puck’s account.

  9. spktruth says:

    Democrats looking for a lesson coming out of Pennsylvania now have one: To win, make the election about Paul Ryan, not Donald Trump. And get rid of Nancy Pelosi’s limousine liberalism in favor of economic policies advocated by Democrats like Sen. Elizabeth Warren, D-Mass., or Rep. Keith Ellison, D-Minn. The best way to beat fake populism is with real populism.

  10. Alby says:

    In case you’ve been asleep for several years, the GOP’s attacks on Pelosi aren’t about her centrism. She’s from San Francisco, so she’s a she-devil from Baghdad on the Bay. If they could demonize her as a liberal — enough so that even Democrats want her out because she makes them vulnerable — what are they going to make out of Keith Ellison?

  11. puck says:

    “To win, make the election about Paul Ryan, not Donald Trump. ”

    Every Democrat should run against McConnell and Ryan, especially in Trumpy districts. The alt-right has done a stellar job of demonizing both of them, so that’s a good head start.

  12. spktruth says:

    Puck: well said.

  13. I had the opportunity to meet with Senator Carper Wednesday. He is right on this issue. The community banks are being destroyed by Dodd-Frank. It has been a drag on our economy and is leading to a dangerous concentration of power and money in a few large banks. We need this change 5 years ago.

  14. RE Vanella says:

    I’m so glad you said this.

  15. delacrat says:

    ” If they(Republicans) could demonize her[Pelosi] as a liberal…” -alby

    They’re gonna demonize whoever, b/c that’s what they do.

    We may as well have a real liberal for them to demonize, rather than a fake one that does Republican bidding.

  16. puck says:

    You don’t get a vote on SF representatives, nor do you get a vote on who leads the Dem caucus. If you want a real liberal as Minority Leader/Speaker, elect a majority of real liberals to Congress.

  17. Dave says:

    “The community banks are being destroyed by Dodd-Frank”

    No they aren’t. Start reading other sources than Newt Gingrich. It is true that community banks feel hamstrung by regulations that larger banks are more able to deal with. However, community banks have other economic issues that are forcing them to consolidate, including technology needs, succession, and economies of scale that reduce their competitiveness with regional and national banks for mortgages and credit cards.

    Do community banks seek regulatory relief? Yes. Do they have a case? Sure. But when you parrot binary and blanket statements that you picked up while surfing, you self-identify as a shallow and superficial headline miner, who allows others to do your critical thinking for you because you find it too daunting to explore anything further than the headline as long as it conforms to your own confirmation bias.

    To help you out a bit because you evidently are unable to help yourself, community banks are undergoing consolidation in an attempt to remain competitive with larger banks who can other more services at less cost. The regulatory issues are indeed an obstacle for community banks but consolidation will continue regardless of Dodd Frank.

    I am weary of those who ascribe a root cause to an issue with little to no knowledge of the complexity and interdependencies of the factors that affect each of those issues. That’s about the same mentality as the coal miners thinking that Trump is going to reopen coals mines even though no one wants coal because natural gas is cheaper.

    When the hell did America become so freaking dumb?

  18. RE Vanella says:

    Repub David is a chuckle-headed goofball. Let’s just bask in the fact that he came here to voice his support for Carper.

    Greatest fucking self-own in the history of this blog.

  19. mouse says:

    Damn Dave, that’s harsh. Wish I had said it.
    There’s has got to be a way to embarrass these assholes in a public forum for working against the people who vote for them