Monday, December 22, 2014

House to vote this afternoon on budget bill that was written in part by… Citibank?

As the House of Representatives prepares to vote this afternoon on a new budget bill to approve appropriations for the next fiscal year, an interesting dichotomy has been revealed in the legislation.  Not only have portions of the bill been written by, and submitted to Congress from banking giant Citigroup, but a rider within the bill is dedicated towards amending the Dodd-Frank banking reform act and will allow derivatives losses by the private banks to be bailout out by…
the taxpayers once again.


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