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Did anyone notice that Dodd Frank is about to be repealed?
Posted by Sentrius on 6/2/17 at 8:20 pm381
The house is voting to repeal it next week.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by tigersandsaints on 6/2/17 at 8:30 pm to Sentrius
but what does this have to do with muh Russians?
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by Bestbank Tiger on 6/2/17 at 8:34 pm to 225bred
quote:
I wish I knew more abt it to be excited or disappointed.
Look at the two name sponsors. Corrupt assclowns who enabled Countrywide and Freddie and helped cause the financial meltdown.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by Iowa Golfer on 6/2/17 at 8:36 pm to Sentrius
Yes, and one of his first ex orders started this a while back.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by DavidTheGnome on 6/2/17 at 8:42 pm to Sentrius
This I can support.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by PetroBabich on 6/2/17 at 8:45 pm to Sentrius
I don't know much about it. Wasn't it designed to prevent another huge financial meltdown? Is repealing it good then?
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re: Did anyone notice that Dodd Frank is about to be repealed?Posted by DavidTheGnome on 6/2/17 at 8:50 pm to PetroBabich
quote:
Wasn't it designed to prevent another huge financial meltdown?
Yes and there's good parts to it, but there's lots of regulation just for the sake of regulation that is costly and does no one any good in it as well.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by Wally Sparks on 6/2/17 at 8:51 pm to Sentrius
Ted Kennedy's eskimo bro and the fairy from Taxachusetts. What a pair.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by Wolfhound45 on 6/2/17 at 8:52 pm to Kafka
quote:Rat
If anyone asks, she's in the attic
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by Dick Jacket on 6/2/17 at 8:55 pm to Bestbank Tiger
The crash was caused by policies which required/encouraged lenders to loan money to people for social justice reasons in an amout which exceeded what they could afford.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by DavidTheGnome on 6/2/17 at 9:04 pm to Dick Jacket
quote:
The crash was caused by policies which required/encouraged lenders to loan money to people for social justice reasons in an amout which exceeded what they could afford.
Partly, but there was a lot more to it than that. Not properly rating bonds, CDS's, etc. people got houses they couldn't afford and the industry was complicit in that as well as the homebuyer (and gov), but therevwas a lot layered on top of that which greatly amplified the problem.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by Geauxtexastyger on 6/2/17 at 9:30 pm to DavidTheGnome
As someone who worked for Bear Stearns packaging the mortgage securities, it couldn't come sooner. Very little of it addresses the issues which caused the implosion. Simply increased the "red tape" to lend and educate/disclose info to consumers. Everyone is still writing risky loans that are bound to default, they're just being more transparent now.
This post was edited on 6/2 at 9:32 pm
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by Rocco Lampone on 6/2/17 at 9:51 pm to PetroBabich
quote:
I don't know much about it. Wasn't it designed to prevent another huge financial meltdown? Is repealing it good then?
It's puts extremely burdensome regulatory constraints on banks. So much so, that it is causing many of the smaller community banks to seek acquisition opportunities because they cannot compete/ make money due to the undue costs, red tape, and regulatory burden. That is why the number of community banks continue to shrink.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by Rocco Lampone on 6/2/17 at 9:53 pm to Sentrius
quote:
Did anyone notice that Dodd Frank is about to be repealed?
Classic DJT smoke screen - get them talking about handshakes and sneak something by them.
re: Did anyone notice that Dodd Frank is about to be repealed?Posted by Bass Tiger on 6/2/17 at 10:38 pm to Sentrius
quote:
Did anyone notice that Dodd Frank is about to be repealed?
Wasn't Barney Frank humping some big shot that worked at Fannie Mae or Freddie Mac? Disregard my disparaging question, yes Dodd Frank needs to be shite canned.
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