House GOP tries to weaken financial reforms

[SecularMotion]

Source: MSNBC

WASHINGTON — Two congressional committees led by Republicans approved measures on Wednesday to delay and weaken key provisions of last year's Dodd-Frank Wall Street reforms, but they were expected to fizzle in the Senate.

With Democrats in control of the upper chamber of Congress and President Barack Obama able to defend Dodd-Frank with his veto pen, efforts by Republicans to water down and postpone the reforms seemed unlikely to succeed, analysts said.

That is not stopping Republicans from pressing their rollback agenda, however, especially in the U.S. House of Representatives.

"Dodd-Frank is not in any way, shape or form in danger of being repealed," said Ed Mills, a financial policy analyst with brokerage FBR Capital Markets. "But they're building the groundwork over time to strip away elements that the business community feels are the most onerous."

Read more: http://www.msnbc.msn.com/id/42916738/ns/business-us_business/

[LetTimmySmoke]

1. Shameless as always

Plenty more ammunition for Obama and company to use, if they so choose.

[NeoConsSuck]

3. They have more than enough ammo..

but they never seem to use it.

[JNelson6563]

2. Yes, no difference between D's & R's...

...oh, wait....

Nevermind.

Julie

[TomCADem]

4. The No Difference Meme Is A False Narrative Pushed By Corporate Sock Puppets

...to try to depress turnout among Democrats.

[JNelson6563]

5. Also pushed by some DUers

they know who they are.

Julie

[SecularMotion]

6. GOP senators vow to block any nominee for consumer bureau

Source: The Hill

Nearly every Republican senator is vowing to block any presidential nominee to head the new Consumer Financial Protection Bureau (CFPB) unless major changes are made to the agency.

In a letter sent to the president Thursday, 44 GOP senators said that any pick to become the first director of the CFPB, regardless of political affiliation, will be unacceptable unless the bureau is significatly altered to reduce its "unfettered authority."

"The Dodd-Frank Act failed to provide any real checks on the CFPB director’s powers. Once confirmed, the director effectively answers to no one," the lawmakers wrote.

The demands sets up a high stakes showdown between the Senate GOP and the White House, which has yet to name a nominee even as the CFPB works to get up and running by July.

Read more: http://thehill.com/blogs/on-the-money/banking-financial-institutions/159561-gop-senators-throw-down-roadblock-on-consumer-bureau

[liberal N proud]

7. The corporate dogs speak for their master

[notadmblnd]

8. Do I feel a recess appointment coming on?

[democrat_patriot]

9. When's the next opening for that? Memorial Day holiday?

[Firebrand Gary]

10. Recess the appointment and then....

Confirm her thru the Nuc Option. Screw the GOP, they have already held up a massive amount of the Presidents nominees already. Can you imagine if the President has another SCOTUS pick, huh, good luck on that one as well.

[shawn703]

11. Why does the GOP hate protecting consumers? n/t

[Volaris]

13. =)=)=).....because despite all the high-minded

tripe they spew about the CONSUMER driven, self-correcting (through the processes of Darwinian-style economic forces) supposedly free market, they know damn well who pays the bills over on that side of the isle, THATS why. And I see no reason why the people on OUR side of the isle aren't asking that EXACT question, in EXACTLY those words. I know that we are supposed to be engaging in a more civil kind of political discourse, but the reason that "civil" discourse DOESN'T lead to civil WAR is because all of that anger, frustration, and rage is supposed to be channeled UP into the political process, rather than OUT onto the street. That having been said, just because were supposed to be using the knives of arguments rather than the bullets of guns is no reason to carry around a dull knife. (And for PROOF that dull knives are a bad idea, go ask one of your smart (if you can still find one) Republican friends about S**** ****n. they can tell you all about proof of THAT concept.)

[rbixby]

20. Its like the conservative thinking on illegal searches

"If you have nothing to hide, you have nothing to worry about".....so apply this to business and oh look, suddenly they're upset.

[trud]

14. Do you even need to ask? n/t

[Scuba]

12. I agree with them....

...changes do need to be made. It needs to be alot tougher.



Just ask Russ Feingold. Damn, I'm still sick over losing his seat to the "Invisible Teabagger".

[hollowdweller]

15. This is an opportunity

For the admin and the Democratic Party to associate the GOP with letting the bankers off.

Let's hope the Obama Administration and the new DNC chair work together to make this an issue and get the media to take greater notice.

[plumbob]

16. Fuck them.

Apparently they are unaware of the reception that baggy ideas are receiving back home, and they may think as Senators that they are "above" all that.

The only changes I'd like to see are the death penalty for both corporate and corporeal malefactors convicted of stealing more than $1 million from the public. Might cut down on the shit a bit.

[annabanana]

17. So Ms Warren will be acting cheif in perpetuity?

That doesn't sound so bad.

[mopinko]

18. anarchists. not conservatives, anarchists.

radical anarchists. they just spit on the rule of law. or as henry hyde called it- thge gruel of grlaw.
jesus they make me sick.

[sinkingfeeling]

19. Time for a recess appointment or two.