The Future of Dodd-Frank

[GMDino]

(05-24-2017, 11:19 AM)Belsnickel Wrote: There have been statements by members of Congress, as well as Trump, regarding the appeal of Dodd-Frank. Now, I'm not a fan of the legislation, but likely for opposite reasons than Republicans or conservatives are. I wanted us to go further with it. I don't like the "too big to fail" idea, they should have been left to fail and the legislation should have separated investment and consumer banking again. I see that as a mistake that is going to be the cause of problems because of our refusal to learn from history.

What would you all like to see done with regards to regulations of the financial industry? Do you think the big banks should be broken up, or do you think we should leave them to their own devices? Do you think we should have bailed them out nearly a decade ago?

My concern with the bailout was/is that nothing would be learned and we'd go right back to the same old behaviors.

There HAS to be regulation when these guys are playing with OUR money.  And there has to be oversight. And there has to be protection for the investors...us.

But that's who is running the show: Guys with lots of money who know they can fall back on the govt to save them all the while complaining about (and trying to remove) all the safety nets for the rest of us.