Dodd-Frank

[FireWeatherMet]

Those who forget history's mistakes are doomed to repeat them.

[h=3]House votes to roll back post-2008 financial rules[/h]WASHINGTON (AP) - The Republican-led House has moved closer to fulfilling President Donald Trump's goal of doing "a big number" on Dodd-Frank, the landmark banking law created after the 2008 economic crisis that was designed to prevent future meltdowns.House votes to roll back post-2008 financial rules - NBC-2.com WBBH News for Fort Myers, Cape Coral & Naples, Florida

 

[nnuut]

D&F one BIG MISTAKE that needed to be corrected.

 

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[FireWeatherMet]

"What is Dodd-Frank...it is 12,000 pages long..."

That intro was enough for me to consider this BS.
All complex legislation is very long, just think of all the fine print financial world lives in, that has to be tackled.
Anyone mentioning the length of the legislation as a major negative of a bill, either doesn't know what they are talking about, or is a shyster who personally benefits in the short term from that bills repeal....at the expense of the rest of us when we have to a do another Trillion Dollar taxpayer bailout.

But I listened further...saw an irrelevant chart on decline of small banks which started 25 years ago, had nohing to do with Dodd-Frank.
Then saw his home ownership chart near all-time lows of the 1960's, again nothing to do with Dodd-Frank, everything to do with the housing crash 3 years before Dodd-Frank was passed.

Then he gave himself away...he is in the mortgage industry...and benefits from easing of lending rules...like just before Dodd-Frank when Strippers were getting easy loans on homes.

This guy is the poster boy for the exact reason that DODD FRANK NEEDS TO STAY!!!

 

[burrocrat]

when Strippers were getting easy loans on homes.

dude, even strippers deserve a home.

but if you know any that don't have one, i got an extra room, as long as she's flexible.