This week at progressive state blogs: Stormy Daniels and David Vitter; DiFi okays more surveillance
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This week at progressive state blogs is designed specifically to focus attention on the writing and analysis of people focused on their home turf. Here is the Jan. 13 edition. Inclusion of a blog post does not necessarily indicate my agreement with—or endorThis week at progressive state blogs: Stormy Daniels and David Vitter; DiFi okays more surveillance
This week at progressive state blogs is designed specifically to focus attention on the writing and analysis of people focused on their home turf. Here is the Jan. 13 edition. Inclusion of a blog post does not necessarily indicate my agreement with—or endorsement of—its contents. Jason330 at Delaware Liberal writes—Coons and Carper Join With Republicans to Hasten Another Financial Meltdown: Coons and Carper sure love a good financial crisis. How else can they explain teaming up with the GOP to weaken key reforms enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act? The bill they have co-sponsored is S.2155. This is the take of an actual Democrat (Maxine Waters) on it: Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, made the following statement in opposition to S.2155, a bill that would roll back important reforms put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act: “This bill simply repackages harmful provisions from Chairman Hensarling’s Wrong Choice Act, and it must not become law. It guts critical consumer protections put in place following the financial crisis, including mortgage rules, appraisal and escrow rules, and data collection requirements that help to illuminate discriminatory lending practices. The legislation also weakens important safeguards in place to ensure the stability of our financial system, such as stress tests and living wills, and waters down bank capital requirements. “This legislation is yet another brazen giveaway to Wall Street and big banks that would harm consumers. Let’s be clear: last year banks posted record profits, and they are lending to businesses at well above pre-crisis levels. They are doing just fine. Instead of bending over backwards to help out Wall Street, Congress should be working to ensure that abusive megabanks, like Wells Fargo, face real consequences for patterns of egregious illegal behavior, and moving to comprehensively reform our nation’s broken credit reporting system, especially in the wake of the massive Equifax data breach.” Read more