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Completely wrong reaction to the financial crisis. It ties up money, creates a bunch of unnecessary regulations, and paralyzes the banks. Trump talked about bringing back Glass Steagall instead. I hope he does and frees us from another one of Obamas ****ty liberal ideas.
Do the banks currently have a problem raising money, maybe we need to create some new debt instruments something along the line of mortgage backed securities or credit default swaps, they have worked extremely well in the past.
Dodd Frank was instituted to Stop at once the Derivatives Market of Subprime Morgages. If the dumb president of the United States is unable to understand it, then the greatest economy in the world is in serious danger.
Completely wrong reaction to the financial crisis. It ties up money, creates a bunch of unnecessary regulations, and paralyzes the banks. Trump talked about bringing back Glass Steagall instead. I hope he does and frees us from another one of Obamas ****ty liberal ideas.
Wow people have short memories. Just 8 years ago these *******s blew up the economy with their hubris. They got bailed out and you lost your jobs and houses. These regulations are the price they pay to be allowed to keep their billions. Dodd Frank and consumer protection are there to protect YOU. Why do people vote against their own best interest, I'll never know.
Dodd Frank was instituted to Stop at once the Derivatives Market of Subprime Morgages. If the dumb president of the United States is unable to understand it, then the greatest economy in the world is in serious danger.
Yeah but Dodd-Frank put an excessive burden on banks with small asset size. Community banks literally felt the weight of this.
Ironically they were the institutions not heavily involved in that mess, yet they got punished with them all.
Yeah but Dodd-Frank put an excessive burden on banks with small asset size. Community banks literally felt the weight of this.
Ironically they were the institutions not heavily involved in that mess, yet they got punished with them all.
It needs serious mending.
Ok, so fix that. Don't throw out the baby with the bathwater. Problem is, the loudest voice, read too big to fail, are the ones banging this drum the hardest.
I don't disagree. The largest players can literally sink our ship. I'm not a fan of Wall Street getting into the consumer lending arena anywhoo.
That wall used to exist for a reason. A pretty good one.
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