DLC bill would gut state banking laws

The Bush regime's "preemption" policy was a bulldozer to annul states' autonomy. By using federal muscle to tell states they couldn't regulate Big Business, Bush made America an empire ruled by a remote government.

A new bill in Congress would expand federal hegemony to further crush the states' self-rule. This bill - supported by the banking industry - would decimate state regulation of credit cards, mortgages, savings accounts, and other bank services. Big banks would be shielded from state regulations that are tougher than federal law.

Which Republican asshat is behind this?

Actually, this plan is being led by Illinois Rep. Melissa Bean, a staunch member of the DLC - the Republican wing of the Democratic Party.

This is not a misprint: This is a Democratic bill (albeit DLC).

Can someone please tell me again what the difference is between the Democrats and the Republicans these days? Now I know why I switched to the Greens. The Greens never would have delayed health care reform another 3 months like the Democrats did yesterday.

The DLC banking bill flies in the face of President Obama's proposals to let states rein in banks' greed. Federal "preemption" of state banking regs is already one of the leading policies behind the foreclosure crisis and other greed-driven bank scandals.

Tenth Amendment, anyone?

(Source: http://www.app.com/article/20090930/BUSINESS/90930033/1003/Democrats+crafting+bill+to+shield+big+banks+from+tougher+state+laws)