Tags: elizabeth warren | democrats | republicans | banking regulations

Elizabeth Warren Blasts Dems Who Sided With GOP on Banking Bill

Image: Elizabeth Warren Blasts Dems Who Sided With GOP on Banking Bill
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By    |   Wednesday, 21 February 2018 12:38 PM

Sen. Elizabeth Warren, D-Mass., on Wednesday released a fundraising email in which she criticized Democrats who worked with Republicans to ease banking regulations.

A bipartisan group of senators are working to pass a bill that would undo the regulations set in the Dodd-Frank Act of 2010. 12 Democrats are among those sponsoring the bill.

"It's time to hold Republican AND Democratic Senators who support this bill accountable for siding with their big bank donors instead of working families," Warren wrote to her supporters, according to the Washington Examiner.

The senator told Politico in an interview released Tuesday that she is "amazed that, on the 10th anniversary of the 2008 financial crisis, some Democrats are supporting the Trump administration and Senate Republicans on a bill to roll back the financial rules we put in place."

Warren added that the issue is "whether or not senators are on the side of protecting the economy and taxpayers or on the side of giant banks."

"Remember Countrywide [Financial]?" a mortgage lender which became infamous for its predatory practices. "It was about $200 billion, which is smaller than some of the banks that will be deregulated by this bill. The heart of this bill is to take 30 of the 40 biggest banks in this country off the watch list so that they can load up on risks again and if things go wrong put the American taxpayer back on the hook."

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Sen. Elizabeth Warren, D-Mass., on Wednesday released a fundraising email in which she criticized Democrats who worked with Republicans to ease banking regulations.
elizabeth warren, democrats, republicans, banking regulations
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2018-38-21
Wednesday, 21 February 2018 12:38 PM
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