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Tucked inside there also was a bill put in at the last minute and that is no secret, actually written by Citigroup to remove the limits of Dodd-Frank legislation by removing the rules of credit default swaps.
I guess the banks are so use to writing their own legislation that they did not want the law makers screwing it up so this time they actually wrote it themselves.
Liz Warren is the only Senator having enough BALLS to speak-out and is a women.
I don't get it, we have a total bank failure 70 years ago, and it took them some 4 years to get proper legislation to keep it from happening again (glass-steagle) and they take the legislation off in 1999, they call it outdated, and it only takes them 7.5 years to bring us to the same disaster again.
Let me guess, it won't happen again because they have learned their lesson and won't do anything like that again. That is what we were told in 1999 by senator Phil Graham (who's wife was on the board of Enron).
Now we let the banks write their own legislation and Pass it without debate. If it was so straight forward and good, why did they slip it in at the very last minute before passage.
The smartest guys in the room that worked at Enron, went to work at the big banks after Enron collapsed. They seem to keep their job at the banks after they bring the same good fortune to them and us because of the American taxpayer paid off their debt.
Those smartest guys in the room seem to be hell bent on bringing the U.S. economy to the same likeness as Enron where they started. They seem to be in control. They get to author their own legislation.
Prepare for a new vaporware economy.
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