The bank lobbyists, it turns out, missed one. They and their congressional allies were able to gut the Volcker Rule, the Lincoln Amendment, and almost everything else that could have had an effect on the industry.
Those terrifying months in late 2008 convinced me that the federal government needed to play a far more active role in policing the activities of the major financial players in our economy. This finance reform bill will do that.
With voters still angry at Republicans in Congress, Democrats are poised to pick up a dozen or more House seats this November. But in Northeast Pennsylvania, Republicans may have a chance to oust a senior Democrat.