TYT: Wall Street Will Share The Riches, Says Delusional Wild-Eyed Maniac

[WhoIsNumberNone]

"It's official: House Republicans will again try to hamstring the Volcker Rule, after Democrats knocked down a previous effort last week.

The vote will come within days, if not hours. Under conditions laid down by the House Rules Committee late Monday, the GOP will be able to easily pass the legislation as part of an 11-point deregulation plan without Democratic support, while ignoring any Democratic amendments. President Barack Obama has threatened to veto the bill.

The Volcker Rule bans banks from speculating in financial markets with government-backed funds. When federal regulators approved the rule in late 2013, they banned banks from owning complex securities known as collateralized debt obligations -- risky pools of corporate debt that are sliced into smaller packages for sale to banks. The GOP bill slated for a vote on Tuesday would let banks hold onto CLOs until July 2019 -- a provision that many banking experts view as part of a piecemeal effort to repeal the 2010 Dodd-Frank financial reform law in its entirety."* The Young Turks host Cenk Uygur breaks it down.

[ctsnowman]

1. Pathetic that he even has a job.

He is the equivalent of a weatherman telling you to expect sunny skies and instead you are hit by a category 6 hurricane. (Yes I know they only go to 5)

[bulloney]

4. Pretty good comparison, ctsnowman. And I liked your Category 6 sarcasm.

Jim Cramer has ZERO credibility. He's a buffoon who screams and flails his arms all over the place, thinking that makes him look and sound knowledgeable.

I remember the dressing-down Jon Stewart gave him in an interview on his show following the last meltdown on Wall Street. Stewart called Cramer out on all of the "advice" he was giving on his show that fed into the recession that followed.

It says a lot about our news media when Jon Stewart - a comedian - can practice better journalism on his show than what Matt Lauer ever does on the Today show.

[randys1]

2. My son is a loan officer at a bank, he was recently offered a job where he would have

made possibly about $20,000 t0 $25,000 a month selling sub prime mortgages through a hedge fund.

He thought about it then turned it down, he did not want to live with knowing he had contributed to what will be the GREAT depression we will have in 2016...

I am proud of him

[closeupready]

5. Good for him. He's correct that he would have had troubles

knowing (later) how he contributed to economic troubles, both at a macro and micro level, and he made the right decision, IMO.

I honestly don't know how some of these people sleep at night, really I don't. I suppose a lot of them DO have problems sleeping - probably why alcoholism and drug abuse are such big problems amongst Type A people.

[niyad]

3. and the sun comes up in the north, and the sun revolves around the earth.

[blkmusclmachine]

6. Crazy talk

[libodem]

7. .