Wednesday, December 10, 2014

Elizabeth Warren Rips Wall Street and Shreds House GOP Over Government Funding Bill

http://www.politicususa.com/2014/12/10/elizabeth-warren-rips-wall-street-shreds-house-gop-government-funding-bill.html
Warren said, "Now, the House of Representatives is about to show us the worst of government for the rich and powerful. The House is about to vote on a budget deal. A deal negotiated behind closed doors that slips in a provision that would let derivatives traders on Wall Street gamble with taxpayer money and get bailed out by the government when their risky bets threaten to blow up our financial system. These are the same banks that nearly broke the economy in 2008 and destroyed millions of jobs.
And now, no debate and no discussion, Republicans in the House of Representatives are threatening to shut down the government if they don’t get a chance to repeal it. That raises a simple question. Why? If this rule brings more stability to our financial system. If this rule helps prevent future government bailouts. Why in the world would anyone want to repeal it? Let alone hold the entire government hostage to ram through this appeal. The reason unfortunately is simple. It’s about money, and it’s about power. Because while this legal change could pose serious risks to our entire economy, it will also make a lot of money for a handful of our biggest banks."

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