Maine Beacon- Maine’s two U.S. senators are facing criticism for their votes supporting a new bank deregulation bill that fellow senator Elizabeth Warren (D-Mass.) warns will “set the stage for another financial crisis” and “increases the chances of another taxpayer bailout.”
Both Senators Angus King and Susan Collins voted to advance S.2155, which eliminates protections within the Dodd-Frank Act that was passed in the wake of the 2007 financial meltdown.
King, who typically caucuses with Democrats, voted with every senate Republican and 16 Democrats to end debate on the measure.
Critics of the bill say it is littered with giveaways to big banks, and have pointed out that many of the legislation’s supporters have received sizable campaign contributions from the financial industry.
Both Maine senators are among those who have taken Wall Street money.
No comments:
Post a Comment