Tag Archives: Regulatory Relief

17 Democrats Decried for Sending This Clear Message: “I Work for My Bank Donors, Not My Constituents’

“Voters have seen this movie before. It didn’t work out in 2008 and it’s no wiser today. There is simply no excuse for a Democrat to add their name to Wall Street deregulation.”

By Jon Queally, staff writer for CommonDreams. Published 3-6-2018

Senators Tim Kaine and Angus King. Both senators were among the seventeen Democratic caucus members who voted in favor of a financial dergulation bill on Tuesday. “This bill wouldn’t be on the path to becoming law without the support of these Democrats,” said Sen. Elizabeth Warren (D-Mass.) following the vote. Photo: flickr

Sens. Elizabeth Warren and Bernie Sanders are not impressed.

And they were not alone Tuesday as outrage and disgust erupted among consumer watchdogs and progressives after Sen. Angus King (I-Maine) and sixteen Democrats joined with 50 Republicans in the U.S. Senate to advance a bill that critics say is just another handout for Wall Street banks—one that also sets the stage for the next major financial meltdown. Continue reading