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Mike Elk: Wall Street's Favorite Democrat Melissa Bean Aims To Weaken Current Bank Regulation
16 hours ago ago from Huffington Post
Here she goes again: Wall Street's favorite Democrat, Rep. Melissa Bean, D-Ill., is once again shilling for the banks. As I wrote back in October, Bean misrepresented the views of financial watchdog Elizabeth Warren in arguing that states should not be able to set tough laws against the banking industry. Now Bean is offering an amendment to the bill that would authorize the creation of a Consumer Financial Protection Agency and institute ...
Related contentEdward Harrison: Why is Barney Frank allowing lobbyists to gut financial reform?
21 hours ago ago from Huffington Post
This article originally appeared on my site Credit Writedowns That is the question Newsweek asked of the Democratic Congressman from Massachusetts in charge of banking reform efforts in the U.S. House of Representatives in an interview. Rather than answer the question fairly, Frank attacked the reporter and eventually ended the interview. Don't expect anything serious on financial reform from Congress. So, we have a major, major financial ...
Related contentBusy Congress likely to defer action on Obama job proposals
6 hours ago ago from Washington Post - Business
The packed congressional schedule means action on the bulk of President Obama's job-creation proposals might be deferred to 2010, as the House and Senate race to complete a host of key bills by year's end. Funding for the wars in Iraq and Afghanistan, the federal government's ability to borrow money, and several expiring laws and tax breaks depend on Congress completing complicated legislative maneuvers in the next three weeks. The jobs ...
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