The stunningly irresponsible measure that passed its critical test in the U.S. House Thursday and then headed for the Senate was referred to as the “CRomnibus” — Washington-speak for the dangerous combination of a “continuing resolution” and an “omnibus” spending bill.

In reality, however, it was a pre-bailout for Wall Street.

Members of Congress who backed the bill were, at once, setting the stage for the next Wall Street meltdown and then committing to have the taxpayers back the next bailout of big banks.

Congressman Mark Pocan, the Madison Democrat who opposed the $1.1 trillion boondoggle that he described as “riddled with special-interest giveaways,” said the “most egregious” giveaway was “a provision that loosened consumer protection regulations in the Dodd-Frank reform law and allows Wall Street to engage in many of the same risky practices that crashed the global economy in 2008.”

U.S. Sen. Elizabeth Warren, D-Mass., decried “a deal negotiated behind closed doors that slips in a provision that would let derivatives traders on Wall Street gamble with taxpayer money and get bailed out by the government when their risky bets threaten to blow up our financial system.”