New bill to remove, revise Dodd-Frank rules imminent

[Benton]

(02-12-2017, 12:52 PM)Belsnickel Wrote: It's unfortunate that we can't seem to escape this cycle of not learning our lessons. From G-S, to GLBA, to Dodd-Frank, and now whatever will happen next.

I'm taking a wait and see.

parts of it needed to be taken out because it didn't differentiate much between mega banks (that were significantly responsible for our last meltdown) and small banks where a significant part of the population does business. The regulations hurt those banks and their ability to compete with the bog banks.

of course, since trump needs those mega banks to loan him money, I'm not optimistic. But I am hopeful.