Robert Reich: Trump's Heading Us to Another Financial Crisis

[workinclasszero]

Robert Reich: Trump's Heading Us to Another Financial Crisis
Getting rid of Dodd-Frank triples the odds of another financial debacle.
By Robert Reich / RobertReich.org May 2, 2017

Donald Trump has ordered a rollback of regulations over Wall Street, including the Dodd-Frank Act, passed in 2010 to prevent another too-big-to-fail banking crisis.

Perhaps Trump thinks that we’ve forgotten what happened when Wall Street turned the economy into a giant casino, and then – when its bets went sour in 2008 – needed a giant taxpayer funded bailout.

Maybe Trump thinks Americans forget losing their jobs, homes, and savings in the fallout.

Many people who voted for Trump got shafted. I hope they haven’t forgotten that while they suffered, not a single bank executive went to jail.

Meanwhile, Trump has brought more banksters into his administration than any in any previous administration – mostly, from Goldman Sachs.

http://www.alternet.org/news-amp-politics/trumps-banksters-and-rollback-dodd-frank

[Eliot Rosewater]

1. Walmart Greeters and auto mechanics and secretaries are very happy that

Trump has brought more banksters into his administration than any in any previous administration – mostly, from Goldman Sachs.

they must be, they not only voted for him but are assuring us they would again.

[workinclasszero]

3. Yeah

When Dolt 45 and the wall street hustlers crash the economy the next time, Fox news and Rush will tell the deplorables, its the democrats fault.

And they will believe it, of course.

[Eliot Rosewater]

4. Which is why as long as we have voter suppression and gerrymandering, we cannot and will not

move forward.

[workinclasszero]

5. President Obama saved the US auto industry after the Bush/Wall street Great Recession

With massive republican resistance all the way.

And yet many autoworkers fled the party to vote for Dump last year.

Go figure.

Hate, fear and tribalism are powerful instruments of destruction.

[nolabels]

6. Thanks for dogging vehicle mechanics

and lumping me in with people who patronage WalMart (haven't bought a thing in the place for twenty years).

Maybe you should just buy a new car every time something stops working

[Eliot Rosewater]

7. Nope, not gonna let you do that, not anymore.

My lumping of these respectable, hard working jobs is to make the point that hard working people vote AGAINST their selves.


Has nothing to do with Walmart being the terrible company it is. Nothing.

[liberal N proud]

2. When the election was decided, said three things would happen

One of the was a recession. I think it could be far worse.