Elizabeth Warren says an Obama plan is about to weaken Wall Street regulation

[cali]

Senator Elizabeth Warren (D-Mass.) sees a new threat to Wall Street regulation: fast-tracked trade negotiations.

<snip>

TPA would allow the president to negotiate agreements that Congress cannot amend or filibuster, and she says it could allow a future Republican administration to repeal Wall Street reform.

<snip>

"We are already deep into negotiations with the European Union on a trade agreement, and big banks on both sides of the Atlantic are gearing up to use that agreement to water down financial regulations."

If international trade and Wall Street bank regulation sound completely unrelated, understand there is some foundation to her argument.

A coalition of American and European business groups, including the US Chamber of Commerce, are reportedly lobbying to include some amendments to bank regulation in the Transatlantic Trade and Investment Partnership with Europe.

Read more: http://www.businessinsider.com/elizabeth-warren-says-an-obama-plan-could-weaken-wall-street-regulation-2015-5#ixzz3ZXXUtkrY

[corkhead]

1. I wonder if she will stand for principle and endorse Bernie Sanders

[Thespian2]

2. Isn't that the Obama Admin plan?

If TPP and TTIP become law, the US, as a nation, is finished. Since most banks are global in their dealings, they will be able to sue any country which passes any law that will regulate them...they will sue before a tribunal whose judgment cannot be abridged by any country's government. The US will no longer be able to regulate anything...for health, safety, security...regulating banks is just one example...

[el_bryanto]

3. That's disturbing - and another reason to be concerned about the TPP.

A big reason from my point of view.

Bryant

[cali]

4. I think it's more of a reason to be concerned about the tpa (fast track)

[el_bryanto]

5. Sorry - confused the two. I'll shut up. nt

[Dustlawyer]

6. We need to recognize that the U.S. Chamber of Commerce is a big corporate subversive

organization. When they create several fake newspapers, all with "Record" in the name (Southeasttexas Record, Louisiana Record, West Virginia Record...) that they place outside of courthouses where juries assemble we have a problem. These rags run stories, editorials etc about frivolous lawsuits and unscrupulous trial lawyers to tamper with the juries. If a big medical malpractice trial is going to start they run a front page story on doctors leaving the state due to high insurance premiums caused by frivolous malpractice suits. When they first started these papers they didn't even sell advertising until they realized most people saw through the lies. It is wrong! Go online and look one of these up.
This is not your local Chamber doing this, it is the national group.