The US Senate Has Left Us Vulnerable to the Big Bank Criminals

The Senate passed legislation that's gonna repeal protections that had been put in place with the Dodd Frank Act. Ring of Fire’s Mike Papantonio and Peter Mougey discuss this issue.

“We Are Lurching Toward Plutocracy”: Rep. Ellison on Rollback of Key Dodd-Frank Banking Regulations

In a rare bipartisan effort Tuesday, House lawmakers voted 258 to 159 to exempt banks with less than $250 billion in assets from many of the 2010 Dodd-Frank Act regulations, even though banks’ profits are soaring. The Dodd-Frank Act was passed after the 2008 economic crisis, which was provoked by years of risky lending by Wall Street banks. Thirty-three Democrats joined their Republican counterparts in voting for the financial regulation rollback, which, if signed into law, would leave less than 10 banks in the U.S. subject to stricter federal oversight. For more, we speak with Minnesota Democratic Congressmember Keith Ellison. He is the first Muslim member of Congress and the deputy chair of the Democratic National Committee, or DNC.

Barney Frank: Dodd-Frank Was A Success, But People Become Complacent | MSNBC

How will financial institutions respond to Donald Trump's reform strategy and what will protect the country from an economic crisis down the line? Former Representative and co-sponsor of Dodd-Frank Barney Frank joins MSNBC's Stephanie Ruhle to discuss.