Why Democrats Are Angry At Wall Street
Big banks are facing a new reality in Washington: Democrats control all levers of power and they are not shy about their intentions to ratchet up the pressure on the sector.
Sen. Sherrod Brown (D-Ohio) hasn't forgotten the Great Recession.
In the first half of 2007, Brown recalls, there were more foreclosures in his hometown than anywhere else in the country. It was a period that led to the Global Financial Crisis: Millions of Americans lost their homes, while banks and other corporate sectors were rescued by billions of dollars in bailouts.
More than a decade later, Democrats control all three branches of government, and Brown and
