Loosening rules, which shouldnt be there to begin with, is not "wiping them out."When StinkProgress fails, MotherCujones is always good for a laugh.Why is this pointed at conservatives ?
It's both sides that have screwed us.
If you mean the D's screw Wall Street, and the R's screw Main St. I'd be inclined to agree. Wall Street deserves to be screwed, sadly WS owns the Congress thanks to the repeal of the bipartisan effort by FEC to control the money flooding into elections.
The 12 Biggest SuperPACs - Business Insider
Anyone who thinks this is about freedom of speech is a liar or a fool.
The Ds are just as deep in bed with wall street that Rs are.
No, they're not. See:
The House just passed a GOP bill wiping out Wall Street reforms
Please excuse Rabbit, He was a hit in the second grade, and never moved beyond:
Fitzpatrick is a member of the House financial services committee. Between 2013 and 2014, he received more than $310,000 in donations from the finance and banking sector, according to the Center for Responsive Politics.
- Delay the Volcker rule. The Volcker rule—one of the most important bits of Dodd-Frank—generally forbids the high-risk trading by commercial banks that helped cause the financial crisis. One high-risk product banks are supposed to stop trading are collateralized loan obligations, which are bundles of loans that are broken into pieces and sold to investors. In December, the Federal Reserveextended banks' deadline to stop trading CLOs from 2015 to 2017. The Fitzpatrick bill would extend that deadline to 2019.
- Water down rules on private equity firms. Private equity firms are required to register as brokers with the Securities and Exchange Commission (SEC) if they get paid for providing investment banking services such as merger advice. Brokers are subject to additional rules and more regulatory oversight. The bill would exempt some private equity firms from having to register as brokers.
- Loosen regs on derivatives. Derivatives are financial instruments with values based on underlying numbers, such as crop prices or interest rates. The Fitzpatrick bill would allow Wall Street firms that own commercial businesses such as oil or gas operations to trade derivatives privately instead of in central clearinghouses, which are subject to more oversight. The bill would also forbid regulators from requiring that banks take collateral from companies that buy derivatives. Collateral can help offset losses if one of the parties involved in the transaction defaults
- Weaken transparency rules. The bill exempts about 60 percent of publicly traded companies from certain rules regarding how those companies must file financial statements with the SEC. The measure would also allow certain smaller companies to omit historical financial data in their financial statements. "This allows firms to choose a convenient history as they promote their securities," the consumer advocacy group Public Citizen noted last week.
See, the problem is you were too busy sucking Mexican cock to learn how to read English.