House Passes Pill Aimed at Reversing Dodd-Frank

it will make banks do better, but this was expected under Trump / Mnuchin / GOP and pretty much already baked into bank stock prices

carmella will you please shut the DDOOOOOOOOOOOOOOOOOORRRRRRRRR

Did the dodd frank require banks to limit leverage? Sorry, I'm pretty low information about it.

>>2354312
LOL, these fucking people man. Jesus Christ.
>>2354343
http://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp

The Dodd-Frank act was implemented in an attempt to curtail the egregious amount of risk banks greedily created in the hope for making more money, especially at the expense of their own clientele (the people taking out mortgages, business loans, etc.). It eliminated (or tried to limit, anyway) the conflicts of interest in banking by placing firm, stricter rules on how banks should operate and eliminated CDOs/CDSs. It was also supposed to monitor the accounting of these banks and the actions that they take with regard to how people spend money.

To answer your question, a paltry yes. But there's much, much more to it.

These fucking people are incredible. Why are they doing this? Greed is inherent in man; another severe depression could be ushered in because of this, or another financial collapse.