“Congress should not put taxpayers on the hook for another bailout.’’ -Sen. El. Warren: Senate votes soon!

Senator Elizabeth Warren, Democrat of Massachusetts, in a show of her emerging strength as a leader among progressives, spoke defiantly against the financial regulation provision, but did not seem likely to summon enough colleagues to her cause to stop the bill. She drafted an amendment to eliminate the provision in the spending bill that deals with the Dodd-Frank law.

“Ever since the new financial regulations went into place,” Ms. Warren said, “Wall Street has been working behind the scenes to open another loophole so they could gamble with taxpayer money and get bailed out when their risky bets threaten to blow up our financial system. Congress should not put taxpayers on the hook for another bailout.’“

Senator David Vitter, Republican of Louisiana, joined Ms. Warren, saying that Congress should not be “handing out Christmas presents to the megabanks and Wall Street.”  http://www.nytimes.com/2014/12/13/us/battle-over-spending-measure-shifts-to-the-senate.html?_r=0

 This weekend they debate and vote on the spending bill that contains the very poisonous derivatives-trade rider from Wall Street that must be voted down, eliminated.  The Senate can either vote NAY to the whole bill or eliminate the rider.   The House narrowly passed the bill with the rider in it; Obama wants to sign it; so the U S Senate is our last chance.  This is absolutely THE KEY VOTE of a number of years.  Pass the word, please.  Thanks    -R from Mt. Shasta, California

Updated: 3 hours ago  

Elizabeth Warren, David Vitter Make Last-Minute Press Against Reid On ‘Wall Street Giveaway’


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