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The bill we are considering in the Senate goes beyond targeted relief for small institutions. It would lift requirements for large banks in our country. The CBO says the probability of a large bank failing or another financial crisis would RISE if S. 2155 is passed into law!
I’m worried that my colleagues may have forgotten where the path of deregulation ends. I oppose this bill for the simple reason that it goes too far in weakening the protections we put in place to prevent another financial crisis.
Someone needs to remind us all of how much money Congress has spent bailing out these same financial institutions in the past. "Too big to fail" sound familiar? Enron? Mortgage market implosion? The big guys (banks) get protected, the rest of the country struggles for years.
But yet tax law was passed by the few members & VP breaks the tie but all of SENATORS WILL TAKE BLAME!!! @RWPUSA @USSupremeCourt @congressdotgov @SenWarren @USSenate @FBI @Condoleezarice @DHSGOV @USDOL @DepofDefence @interior @StateDept @CNN @USASGSessions @Pontifex @CIA
Trump won’t tell you this bill means MORE MONEY FOR BANKS
Thank you for all your hard work @SenFeinstein
Your continual vigilance is so reassuring for Californians and the nation. Thank you, Diane. It feels so good to trust...
Don’t allow any type of bailout
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