Tuesday, June 14, 2016

The $5.5 million incentive this House Republican has for gutting Dodd-Frank

House Speaker Paul Ryan's big policy-making binge to try to make people forget that Republicans have settled on Donald Trump continued apace this week. That included a proposal from Texas Rep. Jeb Hensarling, chairman of the House Financial Services Committee, to dismantle Dodd-Frank—and most of the important financial reforms it encompassed.

" Key provisions would reduce the power of the new Consumer Financial Protection Bureau and allow banks to avoid stricter oversight by increasing the amount of capital they hold. "

That sounds smart! Banks don't need no stinking oversight, amirite? If you smell the interference of Wall Street in Hensarling's big plan, you've got a very good nose....
http://www.dailykos.com/stories/1537071

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