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/pol/ here, wanting to know the full effects of Trump repealing

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/pol/ here, wanting to know the full effects of Trump repealing Dodd/Frank, what exactly will this mean for our economy?
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Hahahahaha. Well, Dodd/Frank is a piece of Legislation. "Repealing" it by Executive Order is unlawful, so... you ever hear the phrase Constitutional Crisis? You're going to hear it a lot soon.
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>>1776499
You could at least answer the question.
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>>1776507

What will it mean for the economy? Take a look at fucking Turkey's economy since Erdogan or the Phillipines since Duterte.
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>>1776494
Look for banks making riskier and riskier investments.

When those risky bets fail, the US taxpayer will pay for it, again.

No banker will go to prison.

And the rich will get richer.
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>>1776494

Another recession
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>>1776519
Not immediately. We'll see massive capital investment, first. Businesses will grow, for a time, then collapse during a correction.

Banks won't be able to withstand the correction, and insurance companies won't be able to insure the total losses.

Then we'll go into a recession again.
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>>1776494
Basically banks can take on more risk with OTM; allowing them to make more money. The financial sector has really suffered as a result. Most talent that was in banking in the early to mid 2000s has all moved to day trading or working for hedge funds. Dodd/Frank getting repealed could also mean that banks would be more likely to invest in businesses and give people home loans.
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>>1776529
I feel the term "suffered" is inaccurate. More accurate would be to say the banks have finally gotten a reality check on risky investments and the public's unwillingness to be caught holding the bag, again.

Extrapolate personal finance to a banking institution. No sane person would bet the farm on something they know to be highly risky. But if they were betting someone else's farm and paid no price for failure...?
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>>1776494
But he didn't repeal Dodd/Frank
Thread posts: 10
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