Delaware Liberal

Carper/Coons Attempt to Nix Dodd-Frank May Die in the House

“Die” is perhaps not the right term. “Turned into an unpassable shitmess that gives even more to the banks” is closer.

That’s right. Carper’s plan to allow 25 of the nation’s 38 biggest banks return to the casino with deposits and have their gambling losses underwritten by you, while allowing lenders to racially discriminate when writing mortgages doesn’t go FAR ENOUGH for House GOPers.

Representative Jeb Hensarling of Texas, the Republican chairman of the House Financial Services Committee, said the chamber had no intention of “rubber stamping” the measure that the Senate passed on Wednesday evening. He said the Senate bill marked the beginning of negotiations.
“Some seem to be under the impression that we are going to vote on their bill,” Mr. Hensarling said during a briefing on Thursday. “They are under a misimpression.” […]

“Why would we look at this product in the Senate as the max that should be done?” asked Representative Bill Huizenga, a Republican from Michigan.

Via Daily Kos

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