Posted on 12/01/2016 8:32:14 AM PST by GonzoII
WASHINGTON—Donald Trump’s choice for Treasury secretary said Wednesday that he would focus on rolling back parts of the landmark 2010 Dodd-Frank financial overhaul law enacted in the wake of the financial crisis.
“The number one problem with Dodd-Frank is that it’s way too complicated and cuts back lending,” banker Steven Mnuchin told CNBC in his first public comments since being tapped by the president-elect to head his economic team.
“So we want to strip back parts of Dodd-Frank and that will be the number one priority on the regulatory side,” Mr. Mnuchin said, according to a rush transcript of the interview.
(Excerpt) Read more at wsj.com ...
Chalk up another win.
I’ll disagree on one point. The real problem is that Dodd-Frank did nothing to prevent the next bank bailout. Which IS coming.
Repeal Dodd/Frank completely.
He needs to get with the program here.
Take a page from the Obamunists and press for "Common-sense Dodd-Frank reform", rather than using words like "strip back" which the Commies and their 'journalist' fellow-travelers will angrily pounce on.
After all, who could possibly object to "Common-sense" anything?
I’m in an ongoing debate with a liberal family member who believes Trump is just more of the same old same old. She recently asked me a question to which I offered what I believe to be a reasonable answer.
QUESTION: “It’s a Goldman Reunion in Trump’s White House. Is that what you voted for?”
ANSWER:
WE voted for COMPETENCE in government, a commodity SORELY and CONSPICUOUSLY absent from the obozo/jarrett junta! I LIKE Bannon and nearly all his ideas. We’ll have to wait to see about the others. But more f**king Marxist community organizers would have taken us over the edge into a bottomless pit from which it would require a civil war to return.
Where do we get people who understand the currently f**ked up, Marxist central bank , fiat currency financial system? Sadly, from the ranks of those who have mucked about in it in the PRIVATE SECTOR.
That said, should any of those folks, once installed and operating, be found to be committing fraud, enriching themselves, their cronies and friends – as was the MO for the Democrat candidate – trust me when I tell you that IF the same folks who put Trump in office and are now screaming for Hillary’s scalp find themselves being F**KED OVER AGAIN, they will turn on Trump and HIS crew before you can say “pitchforks, tar and feathers”.
And, unlike obozo’s mendacious and malevolent minions, Jeff Sessions would NOT allow himself to be “Lynched” (in BOTH meanings of that word) for turning a blind eye to that corruption.
What does concern me, however, is that the departing crew of criminals, understanding that obozo’s and his criminal associates’ skin color immunized them from closer scrutiny or removal for CLEAR ACTS OF TREASON, were so brazen and in our faces that it may take us some time to see it among the new guys!
But should it come to that, WE WILL ULTIMATELY SEE IT AND ACT IF NECESSARY!
Where the heck has all the money gone ? 20 Trillion in debt and all we got to show for it are discounted I’m with Her coffee mugs.
Yes get rid of Dodd/Frank and reinstate the original Glass/Stiegall, unless you intend to break up all megabanks first that pose a systemic risk to our economy. Freeing up money just for the sake of freeing up money leads to bubbles and a boom/bust economy. Are we forgetting the bank bailouts already?
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