HOUSE PASSES LEGISLATION TO EASE SOME DODD-FRANK FINANCIAL RULES
On Wednesday the House passed legislation to ease banking regulations that were adopted after the financial crisis. Many democrats voting for it, ignoring President Obama's threat to veto it. The legislation would delay a Dodd-Frank mandate that financial firms sell off bundled debt. The chairman of the House Financial Services Committee saw the changes as "modest clarifications". Obama and senator Elizabeth Warren intend to stop all legislation that further gets rid of Dodd-Frank. All of the arguing over Dodd-Frank is great for scoring political points but the bill, in reality isn't going anywhere.
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