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Republicans have argued the post-crisis regulations held down lending and economic growth. On Tuesday ahead of the vote, House Speaker Paul Ryan promoted the bill as a boon for community banks — though it boosts medium-sized and regional institutions, as well.
"This is a bill for the small banks that are the financial anchors of our communities. ... It addresses some of Dodd Frank's biggest burdens to ease the regulatory costs on these small banks — costs which are ultimately transferred on to consumers," the Wisconsin Republican said.
Well, here come the no down payment mortgages, the short term boom for housing speculators and the inevitable collapse. trump is not a fan of history...short term instant gratification is his thing. Just ask Stormy.
Well, here come the no down payment mortgages, the short term boom for housing speculators and the inevitable collapse. trump is not a fan of history...short term instant gratification is his thing. Just ask Stormy.
No. More like keeping the correct protections in place while removing the onerous regulations. Something the Left knows nothing about.
What it does is change the size oif the banks that must adhere to Dodd-Frank. Estimated to now be the largest 10 banks. Roll back is a poor choice of words.
No. More like keeping the correct protections in place while removing the onerous regulations. Something the Left knows nothing about.
Which protections are correct? The ones that the Wall Street puppet Paul Ryan says are correct? Notice how they always use "small banks" as their cover, even though most of these politicians get most of their bribe money from huge banking corporations.
84% of the stock market is owned by the top 10% richest people in America...
Funny how the media focuses so much on stock market gains when in reality it only serves to increase inequality, which means the richest people in America will have even more money to spend on elections and rigging the system to their advantage.
If you want ordinary workers in America to get a fair shake, you need to support labor unions. Not Wall Street.
These regulations were put in place to help prevent another economic collapse. Look for banks to run wild again resulting in another collapse which American taxpayers will have to bail them out from. Business/Industry is getting a blank check from Trump and the GOP. The general public will pay a steep punishment for this.
Well, here come the no down payment mortgages, the short term boom for housing speculators and the inevitable collapse. trump is not a fan of history...short term instant gratification is his thing. Just ask Stormy.
Seriously?
Banks were pressured on racial basis to give mortgage loans to minorities - even if they were not qualified for the loan. What does Dodd-Frank have to do with bad lending practices?
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