Posted on 07/22/2015 10:27:27 AM PDT by Olog-hai
Senate Republicans are trying to use a must-do spending bill to advance legislation significantly rewriting landmark 2010 legislation that tightened regulation of the financial services industry.
The measure would ease requirements on smaller banks and give lenders greater freedom from mortgage lending rules. The legislation is opposed by Democrats who argue that the 2010 Dodd-Frank law strengthened protections for consumers and reduced the odds for a repeat of the 2008 financial crisis. …
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Everyone knows Dodd-Frank is a disaster.
Rewrite it before all the local banks either go belly up or are gobbled up by the majors.
You are so right.
The giant banks just hire more lawyers and pay more fines to stay in business.
Your local community bank can't afford the lawyers and can't pay the inevitable "interpretation" penalties.
Barney Fagg had been taking it up his dodd for so long he couldn't resist one last chance to stick it to everybody else.
You know that was the idea, right?
Be nice if there was some relief to smaller Brokers and Investment Advisors in there, too.
“The giant banks just hire more lawyers and pay more fines to stay in business. “
Like heroin dealers have the cost of doing business. They lose a load once in a while.
Got to give the Man his cut to keep the product moving.
The big banks are swallowing small and regional banks like never before.
“The big banks are swallowing small and regional banks like never before.”
All in the design by the DC cartel.
Yes
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