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Why These Democrats Flipped To Defeat Wall Street Deregulation

Posted on AllSides January 11th, 2015
From The Left

Anyone who wants to understand the current state of the Democratic Party should pay close attention to what happened this week in the House of Representatives, where Democrats cut down a GOP-backed Wall Street deregulation bill. In response, the bill's supporters avoided talking about who the legislation would have helped (hint: two big banks), focusing instead on calling its victorious opponents a bunch of flip-floppers.

"They were for this bill before they were against it," said House Financial Services Committee Chairman Jeb Hensarling (R-Texas).

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