Elizabeth Warren Investigation Finds Taxpayers On the Hook for $10 Trillion in Risky Derivatives

[Eric J in MN]

Last year, the "cromnibus" was a big spending bill considered must-pass. CEO Jamie Dimon called Congress members and got them to add a section to it to let Chase Bank and other big banks take more risks with federally-insured deposits.



The Real News:
"After Congress rammed through a 'cromnibus' spending bill last year that repealed parts of Dodd-Frank financial regulation, UMKC's Bill Black explains how with or without this repeal another Wall Street bailout is still a real possibility."

[Blus4u]

1. It's good that things look good for Hillary

Because she'll tell Wall Street to "cut it out!" and we will be alright.

Peace

[erronis]

3. They've got to leave a legacy for Chelsea! And it's a whopper.

[think]

2. This shows exactly why America needs Glass Steagall reinstated.

The American people should not be on the hook for these derivatives.

I hope people will take the time to watch this video and learn a bit more about how we are now on the hook if these derivatives fail.

[daybranch]

4. actually it shows how Obama supports Wall Street backers.

He signed the Cromnibus Bill which is allowing this to happen and he never supported reinstating Glass Steagall. The Volcker rule was just subterfuge like The better than Glass-Steagall plan Hillary has to regulate Wall Street. Obama never intended to rein in Wall Street speculation nor pummish any soins nor participate in reducing income and wealth inequality reduction. Wake up African Americans, he is bought and paid for just like Hillary.

[Eric J in MN]

6. CEO Jamie Dimon cared enough about the Volcker rule

...to call Congress members and get it repealed.

[daybranch]

5. So when is Warren really going to speak up

and support Bernie? And if not why not?

[Eric J in MN]

7. All the female Democratic Senators signed a letter in 2013

...urging Hillary Clinton to run. It would be strange if any of them endorsed someone else.

[Duckfan]

8. I have a feeling she will back Bernie.

Her base is Bernie's base. But yes, she is due to say something soon. And I say she will likely back Bernie is because Hillary will tell those Wall Street investors to just "cut it out."

[Eric J in MN]

10. My guess is that she doesn't endorse anyone before voting starts.

That way she can be the VP nominee of whomever does best in the primaries.

[mmonk]

9. .

[RiverLover]

11. Bill Clinton: "I was wrong on derivatives" (deregulating them)