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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCongress Passes Rollback of Banking Rules
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"
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Congress Passes Rollback of Banking Rules (Original Post)
applegrove
May 2018
OP
Alot of money is invested with hedge funds and private equity. They make money
applegrove
May 2018
#4
redstatebluegirl
(12,265 posts)1. They are doing as much destruction as the can
As fast as they can.
Sherman A1
(38,958 posts)3. And that's a surprise?
they are moving slower than I expected.
Turbineguy
(37,329 posts)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
(118,651 posts)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
(7,725 posts)5. Bc
they just aren't making enough money, right?