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TiberiusB

(487 posts)
4. The pro Wall Street coalition?
Wed Mar 27, 2024, 03:08 PM
Mar 27
https://www.propublica.org/article/new-democrat-coalition

Over the past two years, their members have helped biotech companies win lucrative patent extensions during healthcare reform, fought to ensure that banks receiving TARP money didn't have to trim executive bonuses, and helped block a proposal to allow bankruptcy judges to adjust home mortgages—a step many experts believe would have reduced foreclosures. As they gathered for their May retreat, the New Democrats were working on what would become their biggest victory yet: weakening key components of financial-services reform legislation.
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