Functioning exactly as it's supposed to. One of the most liberal and one of the most conservative -- Sherrod Brown and David Vitter -- senators sponsor an amendment to bar too-big-to-fail/too-big-to-jail banks from receiving federal bailout money.
And it passes 99-0. Ain't bipartisanship grand? (Just who is Bitch McConnell anyway?)
The idea is that this will help force mega-banks to shrink or break up (an amendment to the Dodd-Frank bill that would force mega-banks to shrink went down to defeat, 63-31). Apparently, there's more movement afoot to rein in mega-banks, especially after Eric Holder basically admitted that the banks were too big to jail.
It's a good start, but something tells me that if the same were to happen again, the amendment would get swept aside and the government would end up throwing more money at the 1%-ers.
The Senate: A Well-Oiled Bipartisan Machine
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Re: The Senate: A Well-Oiled Bipartisan Machine
oooo the nutjobers are gonna hate that!Stinger wrote:Functioning exactly as it's supposed to. One of the most liberal and one of the most conservative -- Sherrod Brown and David Vitter -- senators sponsor an amendment to bar too-big-to-fail/too-big-to-jail banks from receiving federal bailout money.
And it passes 99-0. Ain't bipartisanship grand? (Just who is Bitch McConnell anyway?)
The idea is that this will help force mega-banks to shrink or break up (an amendment to the Dodd-Frank bill that would force mega-banks to shrink went down to defeat, 63-31). Apparently, there's more movement afoot to rein in mega-banks, especially after Eric Holder basically admitted that the banks were too big to jail.
It's a good start, but something tells me that if the same were to happen again, the amendment would get swept aside and the government would end up throwing more money at the 1%-ers.