Dec 17, 2014
Johnson County CONGRESSMAN works for the BIGGEST BANKSTERS, not for YOU!
COLLUSION? BRIBERY? RACKETEERING?
Where's the Justice Dept to get big money out of Congress?
Click here for Huffington Post's VIDEO STORY about Yoder, his contributors, and chance of defeat NEXT election from Johnson County.
Scott Gregory of Roeland Park, Kansas, which falls in Yoder's district, says, "I'm sure the good folks of the 3rd District were just beating down the door to get CITI favored treatment. You are a sell-out to Wall Street lobbyists."
Citibank maintains the rule change is good for everyone. Asked for comment on the provision being included in a must-pass bill, a company spokeswoman pointed HuffPost to a recent blog post by Ed Skyler, executive vice president for global public affairs, outlining why banks back the provision being repealed.
"Citi is strongly committed to the safety and soundness of the financial system. We also support a regulatory framework in which U.S. companies can be as competitive as possible," Skyler writes. "This correction to the 'swaps push-out' provision supports both goals."
To be clear, lawmakers in both parties supported the bank provision by voting for the spending package. Republican leaders in the House and Senate, as well as Democratic leaders in the Senate and appropriations committee chairs on both sides of the aisle, were in favor of including the provision. Barbara Mikulski (D-Md.), the lead appropriator in the Senate, actively defended the bank language.
The vote created unusual fractures in the House, where Minority Leader Nancy Pelosi (D-Calif.) broke from Minority Whip Steny Hoyer (D-Md.) in opposing it. The bill also led to odd alliances in the Senate, where Warren and Sen. Chuck Grassley (R-Iowa) found themselves united against it. The final House vote can be seen here. The Senate vote is here.
Language has been added to note that lawmakers of both parties voted for the Wall Street provision. -Huff Post
Many on both the Right and Left are FURIOUS...but it passed both the House and the Senate anyway. President Obama has not yet signed it.
BILL MOYERS writes how Citi-Bank should be broken up... over the stir that has Kansas City area Congressman in the middle.
at 3:05 PM