The Future of Dodd-Frank

[Dill]

(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?

No, they should not all have been left to fail.

And yes, legislation should have separated investment and commercial banking. Glass Steagal was working for everyone but the speculators.

I think the government should interfere in the free market to prevent depressions and recessions. If breaking up the big banks will do that, then yes.