Corporate Democrats Side With Wall Street
Corporate Democrats are teaming up with the GOP to deregulate the banks. Cenk Uygur and Ana Kasparian, the hosts of The Young Turks, break it down. Tell us what you think in the comment section below. Support getting money out of politics: http://www.wolf-pac.com/
“A Republican-led proposal to roll back banking regulations is drawing support across party lines in the Senate, building momentum for the biggest rewrite of financial rules in years and setting the stage for a showdown among Democrats.
In an unusual development, nine Democrats — enough needed to pass the bill with Republicans in the months to come — are co-sponsoring the package, which would scale back rules for many banks.
The legislation was negotiated by Senate Banking Chairman Mike Crapo (R-Idaho) with a group of red-state Democrats who have been working for years to ease regulations that they say are stifling lending.
They are pushing ahead despite opposition from liberal lawmakers, including two prominent finance industry critics — Sen. Sherrod Brown of Ohio, the top Democrat on the Banking Committee, and Sen. Elizabeth Warren of Massachusetts, who has attracted a massive following by attacking Wall Street. Brown and Warren argue that the proposed regulatory rollbacks go too far.”
Read more here: https://www.politico.com/story/2017/11/22/republican-bank-bill-democrats-169161
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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