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yallerdawg

(16,104 posts)
7. Let's see what Warren delivers.
Sat Dec 13, 2014, 12:33 PM
Dec 2014

Many House and Senate Democrats do not share Warren's view on the apocalyptic nature of this attachment to the cromnibus. Several Democrats suggest it is an addition protecting agricultural investment and local community banks, and does not turn loose the too-big-to-fail banks to cover derivatives again with FDIC funds -- in fact, the TARP bailouts had nothing to do with FDIC coverage, but rather the lack of it.

Is Warren really up in arms about Citigroup and the like still being too-big-to-fail? She argues in her floor speeches that Congress continues to whistle past the graveyard. All these little cuts to Frank-Dodd are ultimately inconsequential if the financial meltdown happens again. We still have the same choice - bail out the megabanks or let the world economy collapse.

So what is Warren after? Democrats believe she is going to run for president and is now demagoging. All are arguing Warren is now the left fringe who is now the same as the same as the right wing Cruz, true believers who will burn it all down rather than compromise.

Personally, I think Warren is after something alright. She is going to trigger some concessions, maybe what happens this weekend. She is acting like a politician. This for that. And that is a good thing for a soon to be minority party.

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