Don Boudreaux’s & Richard Wolff’s contrasting ideas on immigration, minimum wages

The US House of Representative is set to pass a $1.1 trillion spending bill on Thursday, which includes a banking provision that has left many democrats unhappy. The language of the banking provision would ease rules enacted to protect taxpayers against bank losses – after troubled derivatives trades helped cause the 2008 financial crisis. The banking provision would let banks like JPMorgan and Citigroup keep swaps-trading within entities that have federal backstops. Erin weighs in.

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