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His financial deregulation are going to set up another financial crisis.
I don't believe democrats will stop it as many are also influenced by private insurance and financial institutions and voted for the removal of dod-frank, but voters could at least hold their feet to the fire.
Again I hate democrats, they are an imperialist capitalist party that supports the status quo, but we don't have many choices left here.
This is a great hoax perpetrated on the people, especially the left. Good natured people hear "banking reform" or "banking regulation" and think "That's a good thing!", but in reality, Dodd-Frank was actually written by the corporate financial institutions. What it did, was create so much bureaucracy that only the largest corporate institutions, with massive compliance and legal departments, could navigate the sea of red tape.
They knew it would force community banks and credit unions out of business, so they could swoop in and buy them up cheap & it's worked perfectly. Since the passing of Dodd-Frank, 30% of community banks and credit unions have closed, while the corporate mega-banks have increased by 30%.
What we need to do is reinstate Glass-Steagall. Glass-Steagall says that the Federal Govt only insures client deposits, not the entire bank themselves. The repeal of Glass-Steagall, by Bill Clinton led directly to the banks playing fast and loose with money, knowing if they failed they'd be bailed out. So they got into high risk mortgage bundles, speculation, etc.
Trump promised to reinstate Glass-Steagall if elected. Bernie Sanders got it & wanted it reinstated as well. As did Elizabeth Warre, Jill Stein and virtually every liberal on the planet. The 2016 candidates against reigning in the corporate financial institutions via Glass-Steagall? Hillary Clinton, who said she wouldn't even consider la discussion of the topic. Marco Rubio, Jeb Bush, etc.
Republicans (which I'm not) and Trump supporters (which I am), should hold Trump's feet to the fire to get this done, while Democrats not owned by the corporations, should vow to work with Trump on this non-partisan issue.
This is a great hoax perpetrated on the people, especially the left. Good natured people hear "banking reform" or "banking regulation" and think "That's a good thing!", but in reality, Dodd-Frank was actually written by the corporate financial institutions. What it did, was create so much bureaucracy that only the largest corporate institutions, with massive compliance and legal departments, could navigate the sea of red tape.
They knew it would force community banks and credit unions out of business, so they could swoop in and buy them up cheap & it's worked perfectly. Since the passing of Dodd-Frank, 30% of community banks and credit unions have closed, while the corporate mega-banks have increased by 30%.
What we need to do is reinstate Glass-Steagall. Glass-Steagall says that the Federal Govt only insures client deposits, not the entire bank themselves. The repeal of Glass-Steagall, by Bill Clinton led directly to the banks playing fast and loose with money, knowing if they failed they'd be bailed out. So they got into high risk mortgage bundles, speculation, etc.
Trump promised to reinstate Glass-Steagall if elected. Bernie Sanders got it & wanted it reinstated as well. As did Elizabeth Warre, Jill Stein and virtually every liberal on the planet. The 2016 candidates against reigning in the corporate financial institutions via Glass-Steagall? Hillary Clinton, who said she wouldn't even consider la discussion of the topic. Marco Rubio, Jeb Bush, etc.
Republicans (which I'm not) and Trump supporters (which I am), should hold Trump's feet to the fire to get this done, while Democrats not owned by the corporations, should vow to work with Trump on this non-partisan issue.
His financial deregulation are going to set up another financial crisis.
I don't believe democrats will stop it as many are also influenced by private insurance and financial institutions and voted for the removal of dod-frank, but voters could at least hold their feet to the fire.
Again I hate democrats, they are an imperialist capitalist party that supports the status quo, but we don't have many choices left here.
You are wrong about that, we have ALL the decision making power...we just have to exercise and use it.
If political partie(s), are not representing the interests of the people...it is UP TO the people to change that, We COULD choose to remove this govt from power TODAY if we wanted to.
his financial deregulation are going to set up another financial crisis.
I don't believe democrats will stop it as many are also influenced by private insurance and financial institutions and voted for the removal of dod-frank, but voters could at least hold their feet to the fire.
Again i hate democrats, they are an imperialist capitalist party that supports the status quo, but we don't have many choices left here.
There is a financial crisis on the horizon as it is even without Trump assisting it, these things come in waves and we are just about due for another dip. The only question is how low will we go?
I'm sure there are Dems out there that are hoping for a crisis so they can blame Trump on it.
This is a great hoax perpetrated on the people, especially the left. Good natured people hear "banking reform" or "banking regulation" and think "That's a good thing!", but in reality, Dodd-Frank was actually written by the corporate financial institutions. What it did, was create so much bureaucracy that only the largest corporate institutions, with massive compliance and legal departments, could navigate the sea of red tape.
They knew it would force community banks and credit unions out of business, so they could swoop in and buy them up cheap & it's worked perfectly. Since the passing of Dodd-Frank, 30% of community banks and credit unions have closed, while the corporate mega-banks have increased by 30%.
What we need to do is reinstate Glass-Steagall. Glass-Steagall says that the Federal Govt only insures client deposits, not the entire bank themselves. The repeal of Glass-Steagall, by Bill Clinton led directly to the banks playing fast and loose with money, knowing if they failed they'd be bailed out. So they got into high risk mortgage bundles, speculation, etc.
Trump promised to reinstate Glass-Steagall if elected. Bernie Sanders got it & wanted it reinstated as well. As did Elizabeth Warre, Jill Stein and virtually every liberal on the planet. The 2016 candidates against reigning in the corporate financial institutions via Glass-Steagall? Hillary Clinton, who said she wouldn't even consider la discussion of the topic. Marco Rubio, Jeb Bush, etc.
Republicans (which I'm not) and Trump supporters (which I am), should hold Trump's feet to the fire to get this done, while Democrats not owned by the corporations, should vow to work with Trump on this non-partisan issue.
Great post.
A lot of people are oblivious to the fact that corporations often lobby for regulation to restrict competition.
This has been pulled not only by banks etc. but also by manufacturers, dairies etc. etc.
His financial deregulation are going to set up another financial crisis.
I don't believe democrats will stop it as many are also influenced by private insurance and financial institutions and voted for the removal of dod-frank, but voters could at least hold their feet to the fire.
Again I hate democrats, they are an imperialist capitalist party that supports the status quo, but we don't have many choices left here.
Name a few financial deregulations that are going to cause a financial crisis.
This is a great hoax perpetrated on the people, especially the left. Good natured people hear "banking reform" or "banking regulation" and think "That's a good thing!", but in reality, Dodd-Frank was actually written by the corporate financial institutions. What it did, was create so much bureaucracy that only the largest corporate institutions, with massive compliance and legal departments, could navigate the sea of red tape.
They knew it would force community banks and credit unions out of business, so they could swoop in and buy them up cheap & it's worked perfectly. Since the passing of Dodd-Frank, 30% of community banks and credit unions have closed, while the corporate mega-banks have increased by 30%.
What we need to do is reinstate Glass-Steagall. Glass-Steagall says that the Federal Govt only insures client deposits, not the entire bank themselves. The repeal of Glass-Steagall, by Bill Clinton led directly to the banks playing fast and loose with money, knowing if they failed they'd be bailed out. So they got into high risk mortgage bundles, speculation, etc.
Trump promised to reinstate Glass-Steagall if elected. Bernie Sanders got it & wanted it reinstated as well. As did Elizabeth Warre, Jill Stein and virtually every liberal on the planet. The 2016 candidates against reigning in the corporate financial institutions via Glass-Steagall? Hillary Clinton, who said she wouldn't even consider la discussion of the topic. Marco Rubio, Jeb Bush, etc.
Republicans (which I'm not) and Trump supporters (which I am), should hold Trump's feet to the fire to get this done, while Democrats not owned by the corporations, should vow to work with Trump on this non-partisan issue.
Interesting.
I’d definitely support a reinstatement of glass-Steagall. But I don’t think Trump or the Dems will do it.
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