Senate Claims to Fix Its Wall Street Bill, but a Look at the Text Says It’s Still a Giveaway

Summary: Earlier this week, the Senate got 50 Republicans, 16 Democrats, and one Democratic-leaning independent to move forward on S.2155, the bipartisan bank deregulation bill. With that base of support, prospects for passage are extremely bright — or dark, depending on how you view a bill that the Congressional Budget Office says heightens the risk of a financial crisis for the purpose of loosening rules on banks. A final vote could come as early as Friday.