Congress Passes Rollback of Banking Rules

[applegrove]

https://politicalwire.com/2018/05/22/congress-passes-rollback-of-banking-rules/

"SNIP........

“The House voted to exempt small and regional banks from some of the most stringent rules put in place after the financial crisis, while also loosening some of the rules aimed at keeping the biggest banks from failing,” the Washington Post reports.

“The measure does not repeal the 2010 Dodd-Frank law, as some in the GOP had hoped, but it does represent the most significant scaling back of the rules to date.”

New York Times: “While the legislation offers little for the very largest banks, the Trump administration has already been working through the regulatory system to make things easier for them.”

.........SNIP"

[redstatebluegirl]

1. They are doing as much destruction as the can

As fast as they can.

[Sherman A1]

3. And that's a surprise?

they are moving slower than I expected.

[Turbineguy]

2. Last time it took the banks

about 5 years to figure out how to collapse the economy. And then it took another 2 to actually do it.

So we do have some time.

[applegrove]

4. Alot of money is invested with hedge funds and private equity. They make money

in recessions by buying up small and medium sized companies that go into distress. Used to be nobody like a recession. That is not true anymore. The very rich don't mind it.

[Crutchez_CuiBono]

5. Bc

they just aren't making enough money, right?