The House just passed the biggest bank deregulation bill in a generation

https://www.vox.com/2017/6/8/15762462/wall-street-house-republicans

On Thursday, Capitol Hill was consumed by former FBI Director James Comey’s testimony. But just after the high-profile hearing played out in the Hart Senate Office Building, House Republicans passed a mammoth, 580-page bill that would do more to deregulate the banking industry than any single piece of legislation in a generation.

The Financial Choice Act, approved in the House by a 233 to 186 margin, now heads to the Senate. Every House Democrat voted against it, and they were joined by just one Republican defector, Rep. Walter Jones (R-NC).

“The Wrong Choice Act is a deeply misguided measure that would bring harm to consumers, investors and our whole economy,” said Rep. Maxine Waters (D-CA), the highest ranking Democrat on the financial services committee, in a statement. “The bill is rotten to the core and incredibly divisive.”

Because the Choice Act has unified Democrats in opposition, it has very little chance of crossing the 60-vote threshold it would need to pass the Senate without a filibuster. But some of its key measures — including defunding several key banking regulatory agencies — could be advanced through budget reconciliation, and would thus only require 51 votes.

“I think this has a very good chance of passing. There are a lot of Democrats who are going to be supporting this,” Sen. Jim Inhofe (R-OK) said in an interview this May. “Even Democrats have bankers in their districts.”

Spearheaded by House Finance Chair Rep. Jeb Hensarling (R-TX), the Choice Act begins by throwing out much of the banking oversight passed under President Barack Obama’s administration, mostly through the Dodd-Frank Act signed in 2010. But it goes further than that, rolling back oversight in a way that could dramatically exacerbate the likelihood of another financial crisis, according to experts in financial regulation.

“It’s a little hard to get your mind around everything this bill does, because there’s almost no area of financial regulation it doesn’t touch,” says Marcus Stanley, policy director for Americans for Financial Reform. “There’s a bunch of very radical stuff in this bill, and it goes way beyond repealing Dodd-Frank.”

It could also expose the hollowness of Trump’s campaign promises. Trump ran on slammingWall Street for “getting away with murder” and arguing that Goldman Sachs had “bled our country dry.”

But the bill looks to some like a wish list of what advocates and lobbyists for the banking industry have demanded. Among the provisions that have most alarmed progressives on the Hill is its proposed elimination of the “Volcker Rule,” which prevents commercial banks from making certain kinds of speculative and risky trades.

———-

thanks to intrigued for the link..

most probably missed this as well..

“House Republicans passed a mammoth, 580-page bill that would do more to deregulate the banking industry than any single piece of legislation in a generation.”

setting up to fail again?

“the Choice Act begins by throwing out much of the banking oversight passed under President Barack Obama’s administration, mostly through the Dodd-Frank Act signed in 2010. But it goes further than that, rolling back oversight in a way that could dramatically exacerbate the likelihood of another financial crisis, according to experts in financial regulation.”

401

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~ by seeker401 on June 15, 2017.

34 Responses to “The House just passed the biggest bank deregulation bill in a generation”

  1. Tavistock Created Donald Trump

    https://philosophyofmetrics.com/tavistock-created-donald-trump/

    • thx Rev :)” The alternative media, for the most part, is an extension of the Tavistock SET strategy and was born alongside the internet to promote the other side of the cognitive dissonance ” but
      We are Individuals here & THEY always forget that & THEY WANT TO INTERRUPT THE HUMAN FACTOR but we Pray THEY can’t

      • its essential to ‘disconnect’ .. if you find it difficult to disconnect then you are part of the dialectic .. whether you want to be or not

      • that’s it, Isabel!! “we pray” & we have the Divine Sparkle in us!:
        🙂 https://www.youtube.com/watch?v=Swns4Kjzc9E 🙂

        • The Catholic Liturgy is a Satanic Ritual

          One of his main ruses is to use so-called Christianity and religion with a carefully planned process of mind-control working through church liturgy and rituals by which the unwary churchgoer is mesmerized and lured into the magic he sees played out around him and by which he becomes so transfixed that he unfailingly believes every word spoken and every act performed, that this is the only way in which to worship God in order to achieve salvation.

          These mind-controlling techniques are the weapons of Satan and his minions to prepare the people of this world for the day when the one, called in the Christian bible Antichrist and by Islam Dajjal, will appear. This man is the spawn of Satan or Lucifer, as the secret societies love to call him, the enemy of God and His people.

          There is one passage in the Christian bible I find very promising and comforting, where it’s written “You….have overcome them: because greater is He that is in you, than he/they that is/are in the world”. Did you notice? It says “He that is in you…”

          The Almighty, awesome God of light and power and glory is inside of us and therefore do we not need to heed the tedious mind-control liturgical rites and rituals of any Church or any faith…..

          http://humansarefree.com/2014/10/the-catholic-liturgy-is-satanic-ritual.html

          • “The Almighty, awesome God of light and power and glory is inside of us and therefore do we not need to heed the tedious mind-control liturgical rites and rituals of any Church or any faith…..”
            🙂 totally agree with that, Rev! 🙂

            that’s exactly what the https://en.wikipedia.org/wiki/Hesychasm, before the cathars, the bogomils earlier and the gnostics before them teach…most probably that’s what the real teaching of Jesus was all about.
            that’s the essence of the esoteric schools in both christianity & islam.
            that’s what Akbar, a sunni emperor adopted to his kingdom in the 16th c. a.d. (just found it, vey interesting!):

            https://en.wikipedia.org/wiki/Din-i_Ilahi

            Having said that, just as a sacred text itself could not be “good” or “bad” but it’s our interpretation of it that gives the text the respective charge…the same way a beautiful melody/song, full of light and good vibrations (as the gregorian chants are) could not lead you away from God if you take him in your soul, on the contrary.

            Praying “Our Father”, following the natural moral laws and being filled with love not hate…can never come from Satan.

            God bless you, Rev!

            • Since there seems to be a general chime in, or presentation of what we each believe, I thought I would present mine. To be able to do such is helpful and does relate love toward each other:

              I think there is a similarity in the esoteric, gnostic, mystical, and rationalism beliefs about “Christ in us”, because how I understand the matter, the similar interpretation comes from natural or pagan religion which is truly the world wide religion of this world. Christianity is inherently not “of this world”, so that is why the teaching of Christ are different from the natural religion. This difference is why Christianity inherently appears antagonist to what people naturally think and feel. The teachings of Yeshua or Jesus are different, because they are not natural, but supernaturally from heaven given by God.

              The gospel message, the way I understand, is man is a sinner in need of eternal Savior. Man is not holy and man is lawless. The Scriptures are perfectly good, never error, and always right. Man is fallible, though the Pope and some others think they are infallible; but rather, man sins and makes errors. It is the interpreter of God, not God, who gets the interpretation wrong. God’s interpretation, in which he had men write, is without sin. It is the natural religions that infiltrate the truth of Christ with hate; whereas the truth and grace of Christ is love. Man does not live up to this love. There is never one example of a perfect man who always loved. Christ did, but that is because He is not a man, but is God who took on a body of man. Man will always try to “do good”, but always fails. History is record of man’s failures. History is a record of man killing man, destruction, power, greed, and sexual immorality, etc. The only way out of this mess and to be delivered into the Last Day when sin, sickness, and death will be no more, is Jesus.

              So the esoteric and Islamic religions will interpret “Christ in us” the same way. There is no question about that. That is due to human nature. The only similar factor is our human nature. The different message does not come from human nature, but comes from God Himself and the revelation He had given of His way.

              The “Christ in us” interpretation that I understand is Christ Jesus, who since His incarnation (when He being God took on a body of man), is in heaven in being God but also is a man – so in bodily form – Jesus is in heaven. Since the Person of Christ is in heaven and a man’s body is not omnipresent but is limited in form, it is through the Holy Spirit that Christ dwells in believers. Christ is in us (believers), but we are not Him and He is not us. He is in us, but not us. He is God, and believers are not God. The Creator/creature distinction remains, and the Creator has revealed to man how we are to worship and love Him; because as sinners we do not know what holiness is. God has to teach us what holiness and love are and make us holy and loving, which is not complete until the Last Day.

              The Roman Catholic (RC) doctrine does not know this understanding that I just wrote about, and the RC teaches a rather different gospel which is not really a gospel (Galatians 1:1-12). Yet there may be believers in the RC, but they need to understand and make distinctions as to what is from God and what is from man. That understanding will only happen by spending time in the Scriptures on their own, and thus, knowing straight from God as to what God has to say. Their faith in Christ is trustworthy and conquerors all, and it is better to be fed on what truly is of Christ and not of man.

              Thanks for the opportunity and it is a pleasure to read what others understand.

              GOD bless

              • thanks mate 🙂

              • thx Wildy 🙂
                From a letter to https://en.wikipedia.org/wiki/Diogenes_La%C3%ABrtius
                The Christians in the world
                http://www.vatican.va/spirit/documents/spirit_20010522_diogneto_en.html
                pls ignore the source or find it some place else but is short & worth reading 🙂

                • great text, isabel! thanks!

                  https://en.wikipedia.org/wiki/Epistle_to_Diognetus – written 130 a.d. – to late II c.

                  it reflects the credo of the first christians, when no formal ecclesiastic structure existed, nor separation in the christian church for political reasons what so ever (no catholic, nor orthodox, no protestant church, just Jesus’ followers), no power to thrive & possess, only pure love and thrive towards the divine
                  (…and reflects very important gnostic influence, imo: formally, the epistle was written by the time of Valentius’ work, https://en.wikipedia.org/wiki/Valentinus_(Gnostic), and as an essence

                  …a text, that could have been perfectly written by a cathar 🙂

                  …and it reflects, as I can see, the natural universal law, adirondack 🙂

                • The letter “Christians in the world”, I view it as Gnostic, which is a different message than I understand. Two topics in the letter are different than how I understand.

                  1.) The letter says the body and soul battle against each other. To me, the sinful body and sinful soul both battle against the work of Christ in us.

                  2.) Pertaining to humankind, the letter says the soul is immortal. To me, the soul was created; so in one sense, can not be immortal. Only God is the uncreated. We are created, therefore, creatures. Though the body and soul were created, thus, have a beginning; the body and soul will eternally exist hereafter; so in this other sense the body and soul are immortal. Without getting into what happens at death, and skipping that part and writing on what happens at the Last Day when Christ returns, the body and soul united, which is called a person, are either judged believer or unbeliever. The body and soul, or person, called an unbeliever eternally exists under the just wrath of God called hell. Eternally the believer continues to exist, both body and soul, under the just love of God called heaven (1 Cor. 15).

              • thanks, adirondack! 🙂

                nobody is unilaterally entitled to the truth but all of us are in search of it! so it’s great reading your point of view! 🙂

                considering what you’ve just exposed, I have two questions:

                a. according to your understanding, why has God created man?

                b. when you speak about “the Scriptures”, are you sure the book “Bible” we could read in XXI c. reflects the genuine teachings of Jesus/Yeshua? don’t you consider a #fakenews/ #the russians did it type propaganda could have taken shape while writing down the doctrine of Jesus during the centuries? just recall that the corpus we call now New Testament was codified in late II c. and the editions what to consider heresy continued on and on for centuries…leaving out many scriptures….what was the criterion to leave ones and keep others?
                in history, as in law, the legitimacy of the source is the primordial point to be assured.

                all the best!..

                • Glad to converse with you Maria. Great questions!

                  a. answer: For God’s glory.

                  Isaiah 43:7, “Everyone who is called by My name, Whom I have created for My glory; I have formed him, yes, I have made him.”

                  Romans 9:22-23, “22 What if God, wanting to show His wrath and to make His power known, endured with much longsuffering the vessels of wrath prepared for destruction, 23 and that He might make known the riches of His glory on the vessels of mercy, which He had prepared beforehand for glory.”

                  b. 1. answer: I am sure the bible is the teachings of Jesus. Jesus, who is revealed in the bible, is the only Surety; so, the bible is sure.
                  b. 2. answer: I do not think the bible is propaganda.
                  b. 3. answer: I think the New Testament was written, and thus, canon in the 1st century, not 2nd century.
                  b. 4. answer: What is the criteria? – a wonderful question! All these answers, I provide as follows, are part of the criteria. First, the criteria of what is canon and what is not canon, is the canon itself. Since I believe the bible is God’s Word, then God Himself authenticates His own Word. Second, the Holy Spirit witnesses to the believer the authority and truth of what is God’s Word (canon). Third, only regenerate man, i.e. a believer, is witnessed to by the Holy Spirit; therefore, the criteria always is set and established by God. Therefore, a person may never touch and see Scripture (canon), but God’s written Word exists. God is not dependent on man, but man depends on God.

                  Thanks! God bless

                  • Reason from the letter on 21 century is to show that X-tians Then & now “need” love for each other =Humankind (end of 10Commandments too)

                    that was why Diogenes was so impress ” Christians love all men, “

                    • Love is not violating the Ten Commandments. Yes, that is a wonderful, good message, Isabel. Christians hate sin and evil, which is why Christians love their neighbor, enemy, and God. Christians are righteous and good, because of Christ; we are not good and righteous by any merit of our own. We believe and God counts our faith for righteousness, because of Christ Jesus, and what He did for us; put another way, we believe in Jesus and what He did for us and God counts us righteous. Thanks Isabel! 🙂

                      Psalm 97:10, “You who love the Lord, hate evil! He preserves the souls of His saints; He delivers them out of the hand of the wicked.”

                      Romans 12:9-13, “9 Let love be without hypocrisy. Abhor what is evil. Cling to what is good. 10 Be kindly affectionate to one another with brotherly love, in honor giving preference to one another; 11 not lagging in diligence, fervent in spirit, serving the Lord; 12 rejoicing in hope, patient in tribulation, continuing steadfastly in prayer; 13 distributing to the needs of the saints, given to hospitality.”

              • ‘Since there seems to be a general chime in, or presentation of what we each believe, I thought I would present mine. To be able to do such is helpful and does relate love toward each other:’

                how ecumenical ..

                • thx Wildy 🙂

                • “how ecumenical ..”

                  is that good or bad, Rev?

                  • I took it as Rev17 was being slanderous toward me, which according to my way of life is a violation of the 8th commandment (falsely witnessed). Because I am not “ecumenical” in the ordinary manner the term has been used in our culture for last 100 years or so.

                    I know my sin, so I know I violate the 8th commandment also, and by God’s grace apologize when I wrong another. Undoubtedly do not apologize enough I am sure! Not everybody cherishes God’s law, Rev17 may cherish His law more than I – so I am not talking about Rev17 specifically, just in general, I understand. And I do not look for others to be charitable; for I know, once again, I am surely not as charitable as I should. So I usually ignore slander, and only made this comment because you asked about something, Maria, that involved me. If there is a way Rev17 could demonstrate how I am being “ecumenical” in the true sense of the word, then I would be the first to apologize. But being polite and cordial toward others does not mean we are ecumenical and compromised our beliefs for the sake of an ill-defined “unity” or persevered sense of “love”. My previous comments above have adequately demonstrated I know what ecumenical means and what it does not mean, and I am not trying to falsely witness what others believe. If I ever do misrepresent somebody, please! – tell me.

                    • haha! I proved my point. I was wrong. It is not the eighth commandment, I meant the ninth commandment, sorry!

                    • I perceive you are quite adept at demonstrating false humility to conceal your true nature .. playing victim as you sharpen your sword .. that you are human I understand .. it is your ‘religious spirit’ I find repulsive

                    • Oh, be exalted, high, oh God! What a truly wonderful opportunity God has provided for me! Au contraire, my true nature is never concealed; for I am open and unashamed for my need of a Savior. My true nature is laid bare for all to see that I am a sinner, only God is good. How obvious these words read, but I understand I repulse you, Praise God! What a joy in Christ! His blessings are amazing! Jesus is truly good and full of grace!

                      LORD bless

                    • There it is .. the self righteous Hellenistic Edomite spirit of Paul

        • Language of Satan  

          In 1967 the Holy See issued its Instruction on Sacred Music, the official document implementing the Constitution on the Sacred Liturgy with regard to sacred music, ordered that Latin liturgical services that are celebrated in song is to be done using Gregorian chant, as proper to the Roman liturgy.

          Although the Holy See approved the English translation of the Mass in 1970, the use of Latin in the Mass, especially in the chants, is supposed to be maintained. So what happened then to the use of Latin in the new mass?

          The truth is that Vatican II has ordered the use of Latin while at the same time permitting the use of vernacular languages: the latter is allowed in addition to Latin but the primacy of Latin may not be assaulted in the process.

          Article 54 of the Constitution on the Sacred Liturgy orders, “…that steps be taken so that the faithful may be able to say or sing together in Latin those parts of the Ordinary of the Mass which pertain to them.” 10

          [Confusing? Certainly but then Babel/Babylon means confusion and the Roman church is the whore of Babylon!]

          Many people, Catholics included, have often wondered why Latin was ordered to be used in the Catholic liturgy. The reason for this is that Latin lends itself to some linguistic legerdemain or anagrams, meaning that secret information can be buried inside a seemingly harmless text.

          The sound of spoken Latin is mystical in that it conceals from the common man, i.e. the laity, the occult nature of what really is meant. As an example of this in the Catholic Church, the Easter Exultet is sung in Latin, during which Lucifer is invoked.

          The Latin words, sung in chant-form, translate to:

          “Flaming Lucifer finds Mankind, I say: Oh Lucifer who will never be defeated, CHRIST IS YOUR SON! Who came back from hell, shed his peaceful light and is alive and reigns in the world without end.”

          According to the publisher of this video,
          “Pope Francis and the Vatican has introduced the world to the god they are worshipping all along, Lucifer. According to Pope Francis and the Catholic Church, The Morning Star is the creator of the world and the father of Christ. He brought ‘light’ to the human race”. 11 
          It is said of chant:
          “…apart from its intrinsic beauty, chant should also be appreciated in its historical and, more importantly, its liturgical value and purpose. In chant, the solemnity of the text is raised to an exalted level.

          “Prayer, meditation, reverence, awe and love – Gregorian chant carries them all in rhythm and melody; it is ‘heightened speech’ to add solemnity to Christian worship, its chief duty to clothe the liturgical text so that it moves the faithful to devotion and prayer, to immerse oneself in serenity and peace…

          “Chant is from the beyond — it is not of this world, because it allows us to transcend our thoughts in prayer and speak to God –  a form of sacred art that stems from the pure spiritual, theological and biblical inspiration”. 12  
          Since another god is worshipped in the Catholic Church, what really is chant? According to a booklet called The Magic Power of Chants,
          “The secret of the power in chants is that they enable you to bypass your doubting mind and enables you to reach the Miracle Powerhouse within you – the inner of your subconscious mind.

          “You possess within this marvelous inner mind a tremendous mental and spiritual power with which you can literally perform miracles in your own life. Repeating an affirmation through chants, will lead the inner mind to the state of consciousness where it accepts as true that which you wish it to believe”. 
          Dear reader, this is mind control!

          http://humansarefree.com/2014/10/the-catholic-liturgy-is-satanic-ritual.html

          • the Vatican II Council destroyed what was left of the catholic liturgy.
            Having said that, Gregorian chant is something wonderful, almost a mystic experience.
            And not, it’s not “path towards” Lucifer, just the opposite.
            I have no doubts, however, that Lucifer itself would like to “sell” us this interpretation; for his sake.
            Religious prayer, the pious thrive towards God, no matter what formal religion it comes from (christianity – catholics, protestant, orthodox, islam, buddhism, judaism) is Satan’s worst enemy. Satan cannot do anything without human’s consent / free will, remember? A sincere pious prayer searching God is just the opposite a consent to Satan is.
            That’s why the war on religion, imo. Today more than ever. Whatever religion. islam and catholic christianity included.

          • Are you sure who “Pope” Francis works for?
            Do you think that Frankie’s personality & intimate goals overlap with those of all catholic christians?

            Exactly. Satan needs (& wages!) a war on religion, since the sincere prayer and thrive towards God is his worst enemy.

            God bless!

  2. Peak Economic Delusion Signals Coming Crisis

    http://www.alt-market.com/articles/3210-peak-economic-delusion-signals-coming-crisis

  3. S.1241 – Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017

    https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5

    You won’t believe this stupid new law against Cash and Bitcoin

    https://www.sovereignman.com/trends/you-wont-believe-this-stupid-new-law-against-cash-and-bitcoin-22019/

    • taking a blank check across a US border would open you up to a reporting requirement – of all your assets including cryptocurrencies – as well as to confiscation. wow.

  4. Meanwhile Trump gives a free pass to the pentagon
    ..Afghanistan – the gift that keeps on giving

    http://www.zerohedge.com/news/2017-06-14/trump-gives-pentagon-unilateral-authority-set-afghan-troop-levels

  5. Francis is Onboard With Noahide Program

    http://callmejorgebergoglio.blogspot.com/2017/06/francis-is-onboard-with-noahide-program.html

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