Posted on 12/11/2014 11:14:41 AM PST by PJ-Comix
Sen. Dick Durbin on Thursday slammed Republicans and Wall Street for an “odious provision” in the spending bill that would roll back a piece of the Dodd-Frank financial reform law.
“It is amazing to me that we worked so long on a spending bill to keep government open and now the Wall Street banks have parked themselves under the mistletoe and said, ‘Before anyone can make a move, we’ve got to get special treatment,’” Durbin (D-Ill.) said on MSNBC’s “Morning Joe.”
Durbin, the No. 2 Democrat in the Senate, said he shares the fears of his colleague Sen. Elizabeth Warren, who called upon House Democrats to reject the bill — nicknamed “crominbus” — until the measure is removed.
(Excerpt) Read more at politico.com ...
His staffers probably placed it there.
Durbin is a turd. And that’s being polite.
And now Durbin is acting as if he SUDDENLY discovered it.
Kill the bill!!
No it won’t FR’s resident defenders of “crony capitalism” and those who believe that the public purse is meant to is insurance against poor business ethics of the ‘To Big to Fail’ will be along shortly to explain how you are a ‘DEMONcRAT’. ;-)
50 or 60 needed for the Senate to pass it?
I only wish all FReepers followed you on this Jim.
yeah : )
I wish em luck....
Maybe he’ll change his mind when he learns of it from reading the paper? ;-)
I would assume 51, but don’t know. I’m so confused.
I believe you just insulted the governor. ;-)
If it takes 60 votes in the Senate, Cromnibus could be DOOMED.
Here is a rundown of the main Dodd-Frank issues that may be in play over the next day or so. The list is based on information learned from people briefed on the legislative negotiations who spoke on the condition of anonymity.
¶ The bill that Citigroup helped draft: This bill would repeal one of the more contentious provisions in Dodd Frank, a requirement that banks “push out” some derivatives trading into separate units that are not backed by the government’s deposit insurance fund. The proponents of the push-out rule argued that it would isolate risky trading from parts of a bank eligible for a government bailout.
The provision exempted many derivatives from the push-out requirement, but some Republicans have long proposed eliminating the provision altogether.
In late 2011, Citigroup floated a compromise. The bank’s lobbyists sent around a proposal that simply exempted a wider array of derivatives from the push-out plan.
As The New York Times reported last year, lawmakers adopted nearly every word of Citigroup’s plan in drafting a bill. The bank’s recommendations are reflected in more than 70 of the 85 lines of that bill.
Remember Citi is in the pockets of liberals a la Rubin and Lew:
http://www.reuters.com/article/2009/01/09/us-citigroup-rubin-idUSN0930738020090109
http://www.huffingtonpost.com/2013/01/11/jack-lew-rubin-citigroup_n_2458142.html
Pretty sad day when Conservatives have to hope that enough of the real hard lefties hate capitalism enough to help them defeat The Big-Govenment Establishment Elite from funding the Despot’s destruction of the nation.
I believe it s 60 to advance it.
60 votes? Right now that looks like a high hurdle.
I’m sure that the spending bill has any number of provisions that I would consider odious - such as funding the EPA, ObamaCare, and the Education Department - but you don’t see Durbin objecting to those.
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