House Democrat Ed Permlutter Has Lots Of Reasons To Support Big Banks

Rep. Ed Perlmutter pushed and pushed and pushed for an amendment to exempt some of the country’s biggest banks from supervision by a new consumer-protection agency.

The Colorado Democrat’s office says it was to create “a more targeted approach” that goes after the biggest of the big banks. But the financial regulation bill being debated in the House already limits its examination authority to the 2 percent of the nation’s banks with more than $10 billion in assets.

Perlmutter’s amendment failed twice, most recently on Thursday morning, when it was nixed by the House Rules Committee. But the

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House Democrat Ed Permlutter Has Lots Of Reasons To Support Big Banks

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House Democrat Ed Permlutter Has Lots Of Reasons To Support Big Banks

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