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Sunday, 17 May 2015

Why Obama Is Wrong and Warren Is Right on Trade Bill Quarrel http://bloom.bg/1Kbe02o via @bpolitics

Republicans already won passage of legislation weakening one provision of the Dodd-Frank law, over Warren’s opposition, by attaching the measure to a spending bill that avoided a government shutdown last year.
“Legal experts agree that fast track creates a procedural loophole that could be used to push major legislative changes to Dodd Frank through Congress as part of that upcoming deal,” Warren said in an e-mailed statement. “This president supports financial reform, but he has still not explained how he -- or anyone else -- can stop the next president from caving to the big banks in the next trade deal.”