Robert Kuttner, co-editor of The American Prospect, warned Monday that the Jumpstart Our Business Startups (JOBS) Act would strip investor protections by easing various Securities and Exchange Commission regulations.
“It is just a scandal that this thing, which is just investor rip-off legislation, has gotten as far as it has,” he said.
Kuttner said it was “appalling” that President Barack Obama said he would sign the bill.
“The one thing we have going for us is, there are disclosure laws so that if investors have the wit to read the disclosures, they can protect themselves, and that’s what this retched piece of legislation would gut. Shame on anybody who votes for this.”
The JOBS Act easily passed in the U.S. House with bipartisan support. But some Senate Democrats have aired concerns about the legislation.
Watch video, courtesy of Current TV, below:
Maddow details how Stephen Miller’s backstory makes his anti-immigrant fantasy even more horrifying
MSNBC anchor Rachel Maddow interviewed the uncle of White House advisor Stephen Miller on Monday to detail the family's fascinating backstory.
"It begins at the turn of the 20th century, in a dirt-floor shack in the village of Antopol, a shtetl of subsistence farmers in what is now Belarus. Beset by violent anti-Jewish pogroms and forced childhood conscription in the Czar’s army, the patriarch of the shack, Wolf-Leib Glosser, fled a village where his forebears had lived for centuries and took his chances in America," Dr. David Glosser explained in Politico.
‘The people of Montana are no fools’: Liberian refugee taking on Trump-loving Senator Steve Daines
First-term Sen. Steve Daines (R-MT) was one of the few members of Congress to praise President Donald Trump's racist "go back" taunts that his supporters turned into a "send her back" chant against a black former refugee.
In response, the Billings Gazette chastised Daines in an editorial, saying, "Montanans are more sickened by the never-ending torrent of childish, bigoted views that are shoveled from the White House that make the country look like bigots and idiots. And we're nauseous when folks like Daines invoke our state in defending a spoiled New York developer who would get tongue-lashed by most Montanans for the way he takes to Twitter."
Democrat who lived under a dictatorship explains why she believes it is time to impeach Trump
One of the Democrats on the House Judiciary Committee who will be interviewing special counsel Robert Mueller on Wednesday explained to MSNBC's Lawrence O'Donnell why she believes it is time to initiate impeachment proceedings against President Donald Trump.
Rep. Debbie Mucarsel-Powell (D-FL) immigrated to the United States from Ecuador as a child. When Mucarsel-Powell was sworn-in to office following the 2018 midterm elections, she became the first Ecuadorian-American and first South American immigrant member of Congress.
"Most Americans don't have time to read a 448-page report," Mucarsel-Powell said. "We found substantial evidence that shows us that the president obstructed justice. "And I think it is critical for the American public to understand that and that’s why this hearing will be very important on Wednesday."