CD051: Expand Bank Bailouts

Congressional Dish

Jennifer Briney

News, Congress, Government, Politics, Corporations

4.8 • 1.1K Ratings

🗓️ 2 November 2013

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

The House passed a bill this week that would expand the number of banks that will be eligible for government bailouts and eliminated rules to prevent the banks from making really risky bets with our money. New Information (Found Since this Podcast Episode Was Released) YouTube video: , Part 2 by Has additional information on the corrupt Congressmen who moved H.R. 992 through the House. Links to Information in This Episode Intro and Exit Music: by (found on ) Expands the eligibility of American foreign banks that would be eligible for a bailout. Allows banks to eligible for bailouts to trade credit default swaps. Citigroup wrote most of H.R. 992 by Eric Lipton and Ben Protess, New York Times, May 23, 2013. by Erika Eichelberger, Mother Jones, May 24, 2013. (search tool is in the top right hand corner) White House phone number: 202-456-1111 Music: documentary, April-May 2012. Prevents a Department of Labor regulation that would force broker-dealers to have a fiduciary duty to their customers and act in their customer's best interest President Obama has issued a Bring Back the Debt Ceiling Early H.J Res 99 is the first step in the expedited process for bringing back the debt ceiling established in the law that ended the shutdown and extended the debt ceiling. The clause that brings back the debt ceiling is in Details of the law were in

Transcript

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0:00.0	And the I am so damn tired of being lied to.
0:15.0	I am so damn tired of being lied to.
0:20.0	I don't think I can't deny it anymore.
0:27.0	You can't stick to your story if you think it flies
0:40.0	But I'm not going to buy it anymore.
0:46.8	Hey there Congressional dish listeners,
0:48.7	this is your host Jennifer Briny
0:50.0	and welcome to the 51st episode of Congressional Dish.
0:53.2	For those of you who are new to this show,
0:54.8	I'm reading all the bills that passed the House of Representatives
0:57.6	and letting you know what's in them.
0:59.6	Now the reason that I picked the House of Representatives
1:01.7	is because that's supposed to be the
1:03.3	people's house. We're supposed to have control of that house and I can tell you after
1:07.4	reading these bills for the last year that it has gone completely off the rails. But
1:12.4	also you know I want to cover what's happening in Congress.
1:15.9	And the way that this works is that every bill needs to pass the House of Representatives
1:19.8	and the Senate and then go to the President's desk to be signed.
1:23.0	So at some point, if I'm reading only the bills that go through the House of Representatives,
1:27.2	I will be able to read every single thing that has a chance of becoming law and hopefully give us enough
1:32.0	time to act on a bill if it's going to be
1:34.4	something we either really want or really want to stop. And in this particular
	...

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