Posted on 02/16/2017 4:41:45 AM PST by bray
May the Lord direct your hearts into God's LOVE and Christ's perseverance. Warning against Idleness... 2 Thes 3:5
Perhaps the largest job creating Executive Order President Trump has signed was the one gutting Dodd Frank. We have seen the lowering of the Eco-Nazi regulations the EPA put on the energy industry, but this one takes the handcuffs off the banking industry to free up capital for small business. The removal of the Dodd Frank banking bill would stimulate the housing and business world immediately. Even though there is a liquidity problem worldwide, the removal of this bill would allow banks to begin loaning to businesses and homeowners without massive gummit interference. This was like asking your sprinter to win a race while you have him chained to the starting blocks.
The American Marxists have taken over the DNC and have instituted everything that the Soviet Union attempted to install and failed where ours have succeeded. Over fifty years they have turned a semi-capitalistic system into a jack-booted regulatory central planned economy which is on life support. Trump is serious about creating jobs and releasing the economy from their chokehold he needs to have congress reverse every one of Obamas regulations on that economy to allow a free market. This will be a 20 year program of untangling and reversing this oppressive gummit burden.
One of the first to get this economy going would be to eliminate the Frank Dodd banking regulations completely. This bill has pretty much single handedly eliminated the bank’s ability to make loans in an attempt to destroy the banks and nationalize them by those two longtime devoted communists Chris Dodd and Bawney Fwank.
What the bill essentially does is triple the amount of paperwork and regulations for the banks so all loans in Peoria are issued out of the District of Corruption. Most are disallowed for a variety of reasons and the least of which is the ability to pay the loans. Most of them are social justice validations and the elimination of any way to underwrite the risk of the loans similar to Obamacare and the healthcare industry. This is simply a veiled attempt to destroy the banking and financial industry and turn it over to a Soviet style gummit in the District of Corruption. After the banks are destroyed there of course will be a Central National Bank where good little Party members will get loans and oppositionists will be turned away. Since Moscow on the Potomac owns your healthcare they may as well own your finances too.
How can anybody take seriously a banking program that was invented to solve the financial collapse caused by Frank and Dodd expect it to be solved by Frank and Dodd. These two should have been jailed the rest of their lives rather they are living the life of luxury and making our lives miserable. Fortunately Fake CNNews was able to blame it on Bush rather than what really caused the collapse.
The second problem besides burying these banks under a mountain of paperwork and regulations eliminating most small banks who cannot handle the added expense is it makes loaning money nearly impossible. Many of the local banks have given up on attempting to make loans because the rules are too difficult to overcome. When a bank has no way of loaning money it basically has no method of making money. This is like telling an oil company it can’t produce oil, how stupid would that be; oh wait.
This bill also defines what is a bank and what is not to the point if you loan a friend a hundred bucks you may fall into a bank category and need help from Dodd Frank in reporting that loan. This regulates everything all the way down to the Payday loan companies to make sure DC has everything under their control. The only financial institution it doesn’t control or audit let alone reform is Fannie Mae and Freddie Mac.
The two biggest mortgage banks and loan purchasers in the country were amazingly able to avoid the scrutiny of the congress thanks to Dodd Frank. This of course is to avoid their own massive fingerprints on the financial meltdown when those corrupt institutions brought the rest of our economy tumbling down and to maintain one of the largest financiers of the DNC.
So what this bill was meant to do was to turn every bank in America into another Fannie Mae and allow Fannie Mae to escape any scrutiny. These commie libs hate anything resembling capitalism or profits and love everything which destroys capitalism. They believe every dollar of profit belongs to them and only they know the proper way to distribute it, for a 50% redistribution fee of course. We need to eliminate this and every other Soviet style bill as soon as we possibly can to allow the loans to be made and to restart the economy in every area they have destroyed.
We have been taught to hate bankers, oil executives, insurance companies and every other successful person so we can punish them with Dodd Frank type punishment. Through class envy we have been taught to hate the very people who make this economy work using Marxist dogma by power hungry groups inside the DNC. Just like every other Marxist country we are suffering the same fate of high unemployment and a dying economy.
Central planning does not work and cannot work because it is too complex to manage let alone plan in a dynamic system of this size and complexity. This is why regulatory bills like D/F have no chance of making things better when they were only written for political reasons and to punish. We need to continue to eliminate these regulations for economic reasons.
Every law like this which puts a restriction on an industry needs to be torn up and thrown in a CO2 Free burn barrel. We have to unshackle our economy from the Marxist planners and let it breathe. We have to have Repubs to show some courage (no really) and start these bills elimination and let the American people decide whether they would rather live in the Soviet Union or America.
The Congress needs to stop talking about it, and start doing it to free the industries and make America a free market again. They may get shot down by Pravda, Schumer and the talking heads, but the American people can see past this and has the wisdom to find the truth. It is time our weak kneed Repubs trusted the American people and explain to them why these and other DC programs need to be fixed or eliminated to remake our once Shining City on the Hill.
Fighting the Coup
Thank God Donald J. Trump is now President Trump.
Unhandcuffing the hidden hand of capitalism again. Excellent!
There was a bigger reason for the collapse bray, one also related to hyper-regulation, and that was the forced loans made to unqualified minorities, who had no means or intention of paying them back. The banks bundled these bad loans they knew were going to fail and sold them.
That will be covered tomorrow morning. I have it all documented.
I will be looking forward to your analysis of the cause of the banking collapse.
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