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Old 12-11-2014, 12:29 PM
Danzig Danzig is offline
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absolutely awful

and then there's the banking regulation that was changed....

DODD-FRANK:

Democrats agreed to make some of the biggest changes yet to the 2010 financial regulatory reforms. In a deal sought by Republicans, the bill would reverse Dodd-Frank requirements that banks "push out" some of derivatives trading into separate entities not backed by the Federal Deposit Insurance Corporations. Ever since being enacted, banks have been pushing to reverse the change. Now, the rules would go back to the way they used to be. But in exchange, Democrats say they secured more money for the enforcement budgets at the Commodity Futures Trading Commission and the Securities and Exchange Commission.
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Old 12-11-2014, 12:32 PM
Danzig Danzig is offline
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http://www.washingtonpost.com/blogs/...-dont-have-to/


CAMPAIGN FINANCE:

The bill would dramatically expand the amount of money that wealthy political donors could inject into the national parties, drastically undercutting the 2002 landmark McCain-Feingold campaign finance overhaul. Bottom line: A donor who gave the maximum $32,400 this year to the Democratic National Committee or Republican National Committee would be able to donate another $291,600 on top of that to the party’s additional arms -- a total of $324,000, ten times the current limit. Read more on this here.
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