[Kzyxtalk] Today at KMEC Radio -- Senate Bank Bill Further “Enriches Wall Street” and Weakens Reforms

[John Sakowicz]

Senate Bank Bill Further “Enriches Wall Street” and Weakens Reforms http://www.accuracy.org/release/senate-bank-bill-further-enriches-wall-street-and-weakens-reforms-interviews-available/

March 12, 2018
[Share] https://www.addtoany.com/share https://newrepublic.com/article/147247/democrats-helping-trump-dismantle-dodd-frank


Today, Monday, March 12, at KMEC Radio, we interview Bart Naylor of Ralph Nader's Public Citizen and talk about Wall Street's reemergence under President Trump.


Listen at 105.1 FM in Ukiah, CA.


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BACKGROUND


The U.S. Senate is debating S. 2155, the first major attack on Wall Street reforms Congress passed under 2010’s Dodd Frank bank accountability legislation. A vote is expected by the end of this week. See “How Democrats Are Helping Trump Dismantle Dodd-Frank https://newrepublic.com/article/147247/democrats-helping-trump-dismantle-dodd-frank ” by Talmon Joseph Smith in The New Republic.


BART NAYLOR


Naylor is financial policy advocate in Public Citizen’s Congress Watch division and the former chief of investigations for the U.S Senate Banking Committee. He is scrutinizing Republicans, Sen. Angus King (I-Maine) and Democratic senators in Delaware, Indiana, Michigan, Missouri, Montana, North Dakota and Virginia who “are likely to support a bill that enriches Wall Street bankers far more than it ever will help communities and consumers.”


Naylor said today: “Ten years after a financial crash that cost millions of Americans their homes, jobs and savings, the U.S. Senate is moving forward with a measure to roll back safeguards against Wall Street recklessness,” Naylor said. “Disguised as a community banking bill, this misguided legislation eliminates safeguards for 25 of the 38 largest banks, a sector that received some $50 billion in bailout funds. The bill also slashes consumer protections meant to fight racially discriminatory lending practices and protect purchasers of manufactured housing.”


-- John at KMEC Radio

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