News reports point the finger at Kansas congressman Kevin Yoder for insetting the language in the Chromnibus that was written word for word by Citigroup. The provision, written by Citi's lobbyists, permits the big banks to make unregulated derivative trades with FDIC-depositor insured funds. This means if their bets go bad (like they did in 2008), we the taxpayers will be on the hook in the fund gets depleted (which it did in 2008).
Citi was the sickest of the large banks after the Great Recession, the last to pay their bailout money back, and was teetering on the brink of insolvency in 2008.
Word has it that Mr. Yoder is hiding, I would be too. If he's your rep, grab your pitchfork and go after him.
Let's hope the Kansas Republican Party can field someone against him and get him primaried. Someone this dumb doesn't deserve to represent his constituents.
Citi was the sickest of the large banks after the Great Recession, the last to pay their bailout money back, and was teetering on the brink of insolvency in 2008.
Word has it that Mr. Yoder is hiding, I would be too. If he's your rep, grab your pitchfork and go after him.
Let's hope the Kansas Republican Party can field someone against him and get him primaried. Someone this dumb doesn't deserve to represent his constituents.
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