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alwaysinasnit

(5,066 posts)
Sun Mar 11, 2018, 03:47 PM Mar 2018

You have to wonder

We are only 10 years from the Great Recession and Wall Street and the Big Banks have had enough of the minuscule reins that the Dodd-Frank bill attempted to impose (I say that because the implementation of so many of its provisions were constantly being delayed). So here comes the Crapo bill written (by ALEC?) to ostensibly ease regulations on community banks.

https://www.alternet.org/economy/democrat-dozen-senators-help-trump-gop-gut-dodd-frank

Twelve Democrats support it. I wonder if they have even read the bill, much less analyzed its potential effects. Even Elizabeth Warren is pushing back against these Democrats. When a Democratic politician is more right-of-center than centrist, I have to wonder if we can't field candidates who have the general good in mind rather than that of the good of their donors in this post-Citizen United world. Do we truly need to back certain incumbent Democrats because of the fear that if they lose to a challenger in the primary, then the Republican candidate would likely win?

These are only musings and not intended to challenge anyone's opinions.

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