Glass-Steagall, Dodd-Frank and The Volcker Rule: A Primer and Resources

[L0oniX]

Interested in the truth for a change?

http://billmoyers.com/content/glass-steagall-dodd-frank-and-the-volcker-rule-a-primer-and-resources/

http://billmoyers.com/episode/encore-how-big-banks-are-rewriting-the-rules-of-our-economy/

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IMO neither party is going to do anything about this ...more info at the top link:

Analysis:

PBS’s Frontline chronicles the rise and fall of the Glass-Steagall Act.

First impressions of the Dodd-Frank bill from The New York Times’ Dealbook blog.

Rolling Stones’ Matt Taibbi says that Congress looked serious about financial reform, until the banks unleashed an army of 2,000 paid lobbyists.

ProPublica explains how the rules called for in the original Dodd-Frank bill have been muddied and watered down.

New York Times columnist Joe Nocera wonders if the bankers might have a point about the new regulations being overly complex.

The Economist calls Dodd-Frank “Too big not to fail.”

WNYC compares Glass-Steagall with the Volcker Rule.

The New York Times’ Dealbook blog calls the Volcker Rule “good as dead.”

[just1voice]

1. I've read entire parts of the Dodd-Frank act, it's a load of crap for consumers

For instance, in the real estate section it says appraisals are only required for "high risk properties" and "high risk properties" is not defined. So it's up to corrupt banks to decide what they'll tell the consumer about a property.