House Passes Government Funding Bill with Bankster Derivatives Bailout Provision

Friday, December 12, 2014
By Paul Martin

Preparation for the next bankster bailout

Kurt Nimmo
December 12, 2014

House Republicans have pushed through a 1,600 page, $1.1 trillion dollar government spending bill containing a Citibank shepherded provision that puts the Federal Deposit Corporation on the hook for financial derivatives losses.

House Republican leader John Boehner: Bailout provision will not hurt Americans.

It passed late Thursday by a 219-206 vote.

Republicans who opposed the bill did so because it failed to block Obama’s executive actions on immigration. House Democrats opposed the banking provisions and the easing of restrictions on contributions by big donors.

Obama disciplined wavering Democrats and instructed them to vote for the legislation. The bill now moves to a Democrat controlled Senate where it is expected to pass.

Banksters also leaned on Congress:

The provision was so important to the profits at (nation’s biggest banks) that J.P.Morgan’s chief executive Jamie Dimon himself telephoned individual lawmakers to urge them to vote for it, according to a person familiar with the effort.

The Rest…HERE

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