Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
“We Are Lurching Toward Plutocracy”: Rep. Ellison on Rollback of Key Dodd-Frank Banking Regulations
Posted
May 23, 2018
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14:20Now PlayingIn a rare bipartisan effort Tuesday, House lawmakers voted 258 to 159 to exempt banks with less than $250 billion in assets from many of the 2010 DoddFrank Act regulations, even though banks’ profits are soaring. The DoddFrank Act was passed after the 2008 economic crisis, which was provoked by years of risky lending by Wall Street banks. Thirtythree Democrats joined their Republican counterparts in voting for the financial regulation rollback, which, if signed into law, would leave less than 10 banks in the U.S. subject to stricter federal oversight. For more, we speak with Minnesota Democratic Congressmember Keith Ellison. He is the first Muslim member of Congress and the deputy chair of the Democratic National Committee, or DNC.
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