If Wall Street beats Dodd-Frank, it could be the worst thing that ever happens to them
There are 1 comment on the The Washington Post story from Apr 5, 2013, titled If Wall Street beats Dodd-Frank, it could be the worst thing that ever happens to them. In it, The Washington Post reports that:Political momentum for dismantling them has been, in recent weeks, overstated. That unanimous vote in the Senate for a budget amendment critical of big banks? It was a nonbinding amendment to end "too-big-to-fail subsidies." As it happens, there isn't a line item in the federal budget titled "too-big-to-fail subsidies." The vote was a freebie ... (more)
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“Stop the Brain Rot”
Since: Jan 12
Take a Looonng Vacation
#1 Apr 5, 2013
Dodd-Frank is weak and lame, but politicians can't be seen to overturn it now and show their abject surrender to the big banks and investment houses, not THIS soon after the recession those folks caused and profited from.
What we needed was to reimpose all of the Depression-era reforms like Glass-Steagall, but the big money boys were never going to let that happen.
If we see further de-regulation, we WILL see another bad recession. And then we will see bankers and investment boys hanging from Wall Street's lampposts...
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