Mike Konczal on Rachel Maddow: Goldman Calls the Shots
Our very own Mike Konczal visited the Rachel Maddow show, guest hosted by Chris Hayes, the day the Senate passed its version of FinReg. He explains how the Volcker Rule, which says that you can’t both run a hedge fund and a commercial bank, never got a vote. Even though Senators Merkley and Levin tried to “sneak” this language in as an attachment to the amendment to exempt auto dealers from regulation, both were withdrawn when it came time. “Which goes to show you who really calls the shots, auto lenders versus Goldman Sachs,” Mike notes.
After giving a quick overview, Chris turned to Mike for his insights:
Visit msnbc.com for breaking news, world news, and news about the economy
Read some of Mike’s pieces on the topic:
“Why Merkley-Levin Is Necessary”
“Merkley-Levin Amendment Can’t Get a Vote”
“A Roadmap of the Shadow Banks, plus targeting the Volcker Rule”