so how come your republican heroes blocked Dodd-Frank from preventing too big to fail??
Bill Moyers talks with former Senator Byron Dorgan about making sure big banks play by rules that protect consumers from financial calamity, and how those big banks continue to leverage power and influence to avoid responsibility while maximizing profits. Dorgan was a nearly-lone voice in Congress in 1999 when he predicted economic calamity following a repeal of the Glass-Steagall Act and its protective measures. But given the economic meltdown nearly 10 years later, it turned out to be one of the most prescient speeches in American political history.
“If you were to rank big mistakes in the history of this country,” Dorgan tells Moyers, “that was one of the bigger ones, because it has set back this country in a very significant way and caused so much heartbreak and heartache, and a near total collapse of the American economy.”…
Obama and almost every Democrat supported both of those Dorgan amendments to Dodd-Frank, which would have broken up the TBTF banks and made Dodd-Frank much stronger. Although many blame Obama, the real blame belongs to the Republican Party, who filibustered and goose-stepped unanimously against them, plus the two DINOs that goose-stepped with the Republicans. They were Joe LIEberman (ASSHOLE-CT) and “Benedict” Nelson (TURNCOAT-NE). The votes fell one short of sixty.
Two years after President Barack Obama vowed to eliminate the danger of financial institutions becoming “too big to fail,” the nation’s largest banks are bigger than they were before the credit crisis.
Have you been living under a rock??? Ever hear of the word FILIBUSTER?
Market Data 
Markets 
AI
