Dems Defeat Another Attempted Wall Street Scam
from LaRouche PAC:
Democrats succeeded in stopping yet another Wall Street scam Jan. 7, when the new Republican leadership in the House tried to ram through a bill, HR 37, to postpone for another two years a part of the Volcker Rule which requires banks to get rid of their collatoralized loan obligations (CLOs, bundled securitized corporate debt). The Federal Reserve in December unilaterally extended the deadline for banks to dump their CLOs from 2015 until 2017. HR 37 would have extended that deadline until July 2019!
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