Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Republicans Help Banker Buddies
Posted
February 17, 2013
Views
18,944
Likes
652
Comments
141
Engagement
4.19%
February 17, 2013
18,944
652
141
4.19%
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5:26Now Playing"After more than four years of blanket opposition to Wall Street reform, House Republicans are finally offering Democrats a deal. But there's a hefty price attached to the GOP's newfound interest in financial regulation. In return for a new policy that would force the Fed to shut down big banks when they run into trouble, Democrats would have to repeal the signature systemic risk reform they passed in 2010, known as the Volcker Rule."*
Who is being protected by Republicans' plans to remove the Volcker Rule- the ban on proprietary trading- in exchange for new Wall Street reforms? Is it you? Well, if you're a banker or politician who can profit off this, then yes. Cenk Uygur breaks it down.
*Read more from Huffington Post
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