Senate prepares to pass Bill letting big banks off the hook
US Senator Elizabeth Warren expresses her opposition to the proposals to scrap protections on banking
LEFT-WING Senator Bernie Sanders has condemned a bid by Republicans and several Democrats to scrap the limited protections put in place to prevent a recurrence of the 2008 bankers’ crash.
The Economic Growth, Regulatory Relief, and Consumer Protection Act is expected to be voted on by Senate this week and gain the 60 of 100 votes needed to pass.
It would repeal some of the provisions of the Dodd-Frank Act, which has had questionable success but nonetheless has put a stop to some risky practices.
