Zombie, never forget 2008. The persons and entities that caused it are hoping you and others do exactly that as they try and claw back the reforms enacted so it doesn't happen again.
http://dealbook.nytimes.com/2014/12...-tuck-dodd-frank-changes-in-budget-bill/?_r=0
Wall Street Seeks to Tuck Dodd-Frank Changes in Budget Bill
After four years of twisting arms in Congress,
Wall Street may have finally found the opportune moment to reshape financial regulation.
A flurry of legislative deal-making surrounding the federal budget has opened a window of opportunity for bank lobbyists to challenge the
Dodd-Frank Act, the sweeping regulatory overhaul passed in response to the financial crisis. With the clock ticking on a budget bill — lawmakers have vowed not to shut down the government, but need to act by Thursday night — banks are seeking to tuck their proposals into the giant federal spending package.
Whether they succeed remains an open question. As of Tuesday afternoon, some Democrats and consumer groups retained hope that they could fend off the Wall Street effort.
The fight has centered on elements of Dodd-Frank that address the culprits of the financial crisis, including the sort of derivatives trading that helped push the insurance giant American International Group to the brink of collapse in 2008. One bill would amend the so-called Volcker Rule, a centerpiece of Dodd-Frank.
Another bill that lawmakers plan to include in the government funding plan was essentially written by lobbyists for Citigroup.
If included in the final spending bill, the proposals would represent the greatest threat yet to Dodd-Frank, the most comprehensive regulatory overhaul since the Depression and
one of the Obama administration’s signature legislative achievements. Other than a tweak here or a delay there, Dodd-Frank has largely survived a surge of Wall Street lobbying.
----