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And we have a winner, Kevin Yoder
We now know who is responsible for the Citigroup amendment (or at least who is taking responsibility) Kevin Yoder.
I am certain that most GOPers and a number of Dems agreed with it, but still he takes responsibility for inserting the provision in the bill.
Representative Kevin Yoder, who spearheaded this week’s changes to the Dodd-Frank financial law’s regulation of swaps transactions, has a message for Senator Elizabeth Warren: expect more pro-business changes in next year’s spending bills.
“We have a created a model,” the Kansas Republican said in a telephone interview with Bloomberg Government's Congress Tracker. “This bipartisan success shows a pathway to solving other issues in the financial services area.” The Yoder provision, inserted into the 2015 omnibus spending bill, will allow some companies to forgo spinning off their swaps activities to non-bank affiliates, and maintain access to federal assistance.
which indeed is what we need to fear.
This said, last time we heard of Kevin Yoder makes it clear that he is just the (willing) fall guy.
Taking on Warren and her populist forces is a new role for Yoder, although he's already demonstrated a certain amount of fearlessness. Until this month, he was most widely known for jumping naked into the Sea of Galilee during a congressional delegation trip to Israel.
Clearly, policy decisions, as bad as they may be, are better than this stupidity.
