In this article:
- Sen. Richard Shelby, Alabama, the top ranking Republican on the Banking Committee objected on the ban that would keep banks from using taxpayer-backed money for trading in their own benefit.
- Shelby objected to reining in predatory payday-lending practices
- Shelby also objected to a ban on naked default swaps, which were at the heart of the crisis
GOP Blocks Three Key Anti-Wall Street Amendments.
Posted under Financial, Government Bailout, Keeping Informed
This post was written by PoliticsRX on June 6, 2010
