Power struggle threatens to sink bank legislation

[Yo_Mama_Been_Loggin]

A power struggle between House Republicans and Senate Democrats could kill what's seen as the last chance Congress has to revise the strict banking rules enacted by former President Obama.

Speaker Paul Ryan (R-Wis.) has vowed to freeze a bipartisan Senate bill to loosen the 2010 Dodd-Frank Act until senators agree to negotiate changes.

But Senate Democrats who spent years working on the measure have ruled out amending it. They say House Republicans should quickly pass the bill, calling it the most sweeping revamp of Dodd-Frank to ever earn bipartisan support.

The battle threatens to derail one of the few major pieces of legislation with a chance to pass before the midterm elections.

http://thehill.com/policy/finance/378860-power-struggle-threatens-to-sink-bank-legislation?userid=229233

Good. Let it fail.

[Turbineguy]

1. Well it took

the bankers 7 years to figure out how to collapse the economy after Glass-Steagal repeal. We can't count on it taking that long this time around.

[Moral Compass]

2. Agree

Let it fail. I shouldn't have any Democratic support. Supposedly this is to "help" the small banks. If it is helpful in any way why is Elizabeth Warren so fervently against it? She's usually on the side of the good guys.

[HopeAgain]

3. I'm okay with that.