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McConnell trolls Warren, pretending as a populist.
This is the beginning of the Republican narrative shift. And the thing is, it might actually work. By pretending to be populists like Gardner pretended to be balanced on immigration and choice, they can dupe a lot of people. Including liberals.
WASHINGTON -- Sen. Mitch McConnell (R-Ky.), looking forward to a GOP Senate majority, laid out the Republicans' 2015 financial policy platform: trolling Sen. Elizabeth Warren (D-Mass.).
"The [Senate] Banking Committee is certainly going to be taking a look at Dodd-Frank," said McConnell, who is widely expected to be the next Senate majority leader, in a Wednesday press conference. "I've called it frequently 'Obamacare for banks.'"
He continued, "The big guys are doing just fine under Dodd-Frank. The community bankers are struggling. I do think the Banking Committee will want to take a look at how much damage it's done to the little guys who had nothing whatsoever to do with the meltdown in 2008. I'd be surprised that the Banking Committee isn't going to look at it."
In other words, McConnell's big plan for bank policy seems to be calling the 2010 Wall Street reform law names and trying to dirty the public relations waters for bank reform advocates, like Warren, on vaguely populist grounds. Warren, an outspoken member of the Banking Committee, is known for pushing federal regulators to focus on the needs of ordinary Americans.
http://www.huffingtonpost.com/2014/11/06/mitch-mcconnell-elizabeth-warren_n_6117340.html
Dodd-Frank is definitely a dud, it doesn't go far enough, but that's not the fault of the Democrats. If you read the actual report that they wrote, it looks like populist rhetoric: http://financialservices.house.gov/uploadedfiles/071814_tbtf_report_final.pdf
They are so upset that regulatory agencies aren't doing their job! Nevermind the SEC is the most overruled agency in the entire country (overruled by judges saying that what they claim is illegal isn't; most of those judges being Bush appointees, btw).