we put this rule in place because people of all political persuasions were disgusted at the idea of future bailouts. why in the world would anyone want to repeal it? let alone hold the entire government hostage in order to ram through this appeal. the reason unfortunately is simple it s about money, and it s about power. because while this legal change could pose serious risks to our entire economy, it will also make a lot of money for wall street banks. according to americans for financial reform, this change will be a huge boon for a handful of our biggest banks. citigroup, jpmorgan, bank of america. wall street spends a lot of time and money on congress. and now harry reid is promising a debate on this in the senate, a republican vote just sent this vil loefr to the senate. howard dean, i cannot wait to
democrats in the house representatives. we put these rules in place after the collapse of the financial system because we wanted to reduce the risk that reckless gambling on wall street could ever threaten jobs and livelihoods on main street. we put this rule in place because people of all political persuasions were disgusted at the idea of future bailouts. why in the world would anyone want to repeal it? let alone hold the entire government hostage in order to ram through this appeal. the reason unfortunately is simple it s about money, and it s about power. because while this legal change could pose serious risks to our entire economy, it will also make a lot of money for wall street banks. according to americans for financial reform, this change will be a huge boon for a handful of our biggest banks.
because people of all political per situations were disgusted at the idea of future bailouts, and now, no debate, no discussion, republicans in the house of representatives are threatening to shut down the government if they don t get a chance to repeal it. i urge my colleagues in the house, particularly my democratic colleagues whose votes are essential to moving this package forward, to withhold support from it until this risky giveaway is removed from the legislation. wow. we re back at the roundtable. clarence, you start on this. it looks like this is her chance, you know, the galloping horse of history is riding by. she jumps on this horse now. she fights this guy, boehner, who is buckling to the worst elements in the party, which is basically hold the government hostage right before christmas so you can help out wall street. and there she is, the champion against wall street, ready to charge. right.
welcome back to hardball, the race to avoid another government shutdown is at its breaking point. john boehner declared he reached a breakthrough one day before the lights could go out on capitol hill. that deal is being criticized by some on the left as one giant republican hostage list. it includes a bunch of partisan giveaways, sugar plum, if you will, including one for wall street which rolls back a key banking regulation enacted after the financial crisis back in 2008/ 09. the spotlight has turned to democratic senator elizabeth warren. she flexed her muscle today calling for her colleagues to reject boehner s deal to fund the government. she says we put this rule in place because people of all political per situations were disgusted at the idea of future bailouts, and
more than $345 million. there s a significant increase in how much wealthy donors can give to national parties. some of the financial reforms under the dodd frank bill will be reversed. that led democratic senator elizabeth warren to spearhead a push for the house democrats to vote against this bill. the house of representatives is about to show us the worst of government for the rich and powerful. we put this rule in place because people of all political persuasions were disgusted at the idea of future bailouts. and now, no debate, no discussion. republicans in the house of representatives are threatening to shut down the government if they don t get a chance to repeal it. that raises a simple question. why? the reason, unfortunately, is simple. it s about money. and it s about power. well, some republicans not happy that the proposal does not