CARTOON: Elizabeth Warren Calls Out Fellow Democrats For Helping GOP Ram Through ‘Wish Lists Of Big Bank Lobbyists’


By Jake Johnson
Common Dreams (3/2/18)

Cooperation between Republicans and Democrats has become something of a rarity in today’s polarized political environment—except when it comes to a select handful of objectives, like enriching Wall Street banks.

In a Twitter thread on Friday, Sen. Elizabeth Warren (D-Mass.) called attention to a massive bank deregulation bill (S.2155) that could reach the Senate floor for a final vote next week, and highlighted the fact that a dozen Democrats are providing crucial support for the measure.

“It’s time for the rest of us to fight back and demand that Washington work for us, not the big bank lobbyists.”

If passed, the legislation—derisively labeled “The Bank Lobbyist Act” by Warren and other critics—would make it more difficult to combat racial discrimination by big banks, provide regulatory relief for more than two dozen of the nation’s large financial institutions, and eliminate many consumer protections put into place after the 2008 financial crisis.

Elizabeth Warren. The Senate – with the support of some Democrats – is set to start debate on a bill to roll back regulations on the same big banks we bailed out a few years ago. If we lose the final vote next week, we’ll be paving the way for the next big crash. … 

Elizabeth Warren. We’ve been down this road before. Whenever things are going ok in the financial system, the lobbyists flood the halls of Congress & convince politicians to roll back the rules – because what could possibly go wrong? … 

In addition to Sen. Angus King (I-Maine), the 12 Democratic senators currently co-sponsoring the deregulation measure are: Doug Jones (Ala.), Joe Donnelly (Ind.), Heidi Heitkamp (N.D.), Jon Tester (Mont.), Mark Warner (Va.), Claire McCaskill (Mo.), Joe Manchin (W.Va.), Tim Kaine (Va.), Gary Peters (Mich.), Michael Bennet (Colo.), Chris Coons (Del.), and Tom Carper of Delaware.

In a video posted to Twitter on Friday, Warren explained that this bipartisan effort to fullfill “the wish lists of big bank lobbyists” goes a long way toward illustrating how Congress works for the wealthiest at the expense of the majority of the public.

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Elizabeth Warren Attacks ‘dangerous, wrong’ Bill To Cripple Taxpayers Protections On US Banks

By Lauren Gambino
The Guardian (3/6/18)

Congress has forgotten the “devastating impact of the financial crisis”, Senator Elizabeth Warren said on Tuesday as Republicans moved closer to relaxing banking regulations implemented after the financial crash of 2008.

17 Senate Corporate Democrats Join GOP To Push Bankers’ Bill To Put Taxpayers At Risk … Again.