Dodd-Frank Ending

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Just about to make this exact thread

http://archive.is/F1e4r

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Quick rundown on what Dodd-Frank is?

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>>129108824
This is what happens every time. Right wing retard Republicans crash the American economy and then have a WE DINDU NUFFIN chimpout

I don't know why you sick fuck conservashits hate the American economy so much. You crash it every fucking time.

>>129108824
It'll never pass the Senate. Rolling back Dodd-Frank especially right now when the markets are incredibly overvalued and bonds low it'd be asking for another recession

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>>129108824
>Implying anyone knows what this is

Explain this to someone who isn't that into politics

>>129111642
millenial?

>>129111421
Good, I'll be able to buy a house in 5 years.

>>129108824
The GOP would need 60 votes in the Senate to enact or repeal any meaningful regulation...just like the Democrats had and needed in 2010.

>>129108824
Kek good. Wall street will fucking collapse this shit.

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>>129108824
DRAINING THE SWAMP!!!!

>>129111328
Deregulation is a natural response to the question of reallocating national assets. Say we have a powerful police force and no crime for 100 years. You can say that we had no crime because of the police force, but theres no way to be sure. Rather than just say ok, if only republicans didnt dial back glass-steagal we wouldnt be in this mess, it should be recognized almost like a force of nature. Its like complaining about erosion. In other words its not a political issue, its an issue of the limits of human foresight.

>>129111642
>>129111701
It's the terrible awful act the evil Obama got passed that prevents another recession.

Republicans planned the vote for today while everyone was distracted by the Comey testimony.

Awesome! Banks will be able to gamble with impunity again. Wonderful

>>129112180
They'll just use their 'nuclear option' to pass it like they did with senate confirmations and the obamacare repeal and replace act

One thing that amazes me about the US, its one of the only nations on earth which treats corporations as if they were individuals, so them claiming its unconstitutional to limit banks 'speech' wouldn't surprise me.

I'm deeply concerned about abolishing the labor depts fiduciary rule. It keeps brokers from knowingly deceiving their own clients and acting in their best interests when dispensing investment advice.

>>129111701
>right wing thinking:
gov caused the finincial crash by promosing to bail out banks if they fucked it up which they did because they didnt feel the risk becaus they had the government regulations on their side. Therefore, instead of limiting freedome, what should be done is remove regulations and stop promising to bail out banks who take ridiculous risk and let them police themselves

>Left wing thinking:
Make it so banks cant lose by promosing to bail them out but dont give them rules then when the shit goes down say that its because the banks need more rules so you put more rules to give government more control affects everybody.


I cant remember its been a few years but its something like that.

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>>129112498

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ALWAYS REMEMBER KIDS. IN THE END, RIGHT WING RETARDS ALWAYS DO WHAT THEIR GOLDMAN SACHS MASTERS COMMAND THEM TO DO.

>>129113629
If you have a pension or retirement fund you love Wallstreet.

>>129113247
No, its nothing like that. Just stop posting because you have no idea what you are talking about at all. The treasury did not even have the authority to bailout major financial institutions until after the subprime mortgage crisis when the Bush administration realized it was necessary to prevent imminent economic implosion. If a commercial bank goes bankrupt, who do you think loses the money?

>>129113172
McConnell won't go that far blowing up the filibuster for legislation. Judicial nominations are one thing, but legislation is quite another. If it were me I'd advise him to do it though. I remember back in 2009 the whole country was amazed at the Senate's arcane and archaic internal rules. Everyone thought it was '51' to get anything passed. People watched with disbelief or relief learning that it was '60.'

>>129113843
Wtf I love it when Wall Street crashes the economy now!

>>129111328
What er ya talkin aboot

>>129113629
I don't even know what this means. Maybe speak with words instead of memes next time

>American economic policy thread
>Obama leaf appears instantly

I'm starting to think you use a proxy to create these threads so you can shitpost.

I literally got a bonus a couple months ago only because we are projected to do very well with Dodd Frank ending. Thanks Trump, that $20,000 helps a lot.

>>129111328
>You crash it every fucking time.

stop fronting like both candidates weren't hand picked by the same people, like the same money doesn't rule both parties

>>129113843
Get a job nigga

>>129114108
Currently banks are holding three times more money than they need to be fully capitalized
Because of regulations. Get that money into the economy

>>129114011
taxpayers.

>>129112498
>Republicans
http://www.pbs.org/wgbh/frontline/film/money-power-wall-street/transcript/
Clinton calls Glass Steagall Act "inappropriate"
https://en.m.wikipedia.org/wiki/Gramm–Leach–Bliley_Act
Repeals it in 1999

I dont remember Bill Clinton being a republican

>>129114559
You are right in the sense that taxpayers need to put money somewhere, usually in a commercial bank. Do you put your $500 savings in your mattress?

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>>129114518
wtf I hate capital controls on banks now! I love it when the banks can gamble like at a casino!

You filthy disgusting right wing retard billionaire globalist shills are the most disgusting people on the planet.

>>129112768
30% false.
http://www.pbs.org/wgbh/frontline/film/money-power-wall-street/transcript/
Clinton calls Glass Steagall Act "inappropriate"
https://en.m.wikipedia.org/wiki/Gramm–Leach–Bliley_Act
Repeals it in 1999

Why? Because you forgot that Obama's fix also did what Glass-Steagall did by prioritising and protecting monopolies of financial institutions

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>>129114847
Remind me right wing retard. Why was it named Gramm-Leach-Bliley?

>>129114869
Tell me in the sense that means the most to you what the actual answer is so i can compare it to my answer to you.

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>obamaleaf here to rant for 60+ posts of autism
What a pathetic excuse for a life you lead.

>>129114847
Glass Steagall was thoroughly declawed starting in the Reagan administration. This is widely known and no one tries to hide it, do some research.
https://en.wikipedia.org/wiki/Decline_of_the_Glass%E2%80%93Steagall_Act#Greenspan-led_Federal_Reserve_Board
https://en.wikipedia.org/wiki/Savings_and_loan_crisis

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>>129115314
Trump will crash the economy and u right wing retards love him for it

you fuckers are disgusting billionaire globalist cucks

u honestly make me sick

>>129115147
What the fuck kind of english is this? Just fuck off

>>129113247
Bush bailed out the banks moron. Left wing thinking would have been to nationalize the banks. If this board wants to be taken seriously, stop pretending every moderate is a "leftist."

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>>129115483

>>129115136
Doesn't matter, Clinton signed the bill and Clinton promoted it. Anyways, it was a bipartisan bill with nearly every democrat AND republican voting for it. Just because republicans cosponsored a bill proposed by the Congressional Research Service doesn't mean democrats aren't guilty as well

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>>129114934
Go back to the yahoo comment section you queer

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Good the sooner the American economy implodes and by extension the rest of the west the better. Economic hardship means fire rises brothers.

>>129115975
Please don't associate me with your "goodboy" anti-Reaganite memes I'm just doing my public duty in this thread by educating some retarded millenials in the most unbiased method I can

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>>129115649
I don't love trump nor do I think that
I am simply laughing that you can't form coherent "arguments" and shit up threads with your avatarfagging for 60+ replies. I am sorry that you are so autistic you have no relationship with your family and no friends, I am just here to laugh at your autism, kinda like the kids that laugh at mentally retarded kids while growing up.
But hey, you are really winning those internet arguments.

>>129115483
Sorry, but you fail again. No president has power over the FED, a private company.

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>>129116264

>>129115725
kek
Sorry anon i will type slower form now on.

>>129112413
Thinking someone is inherently bad simply because they worked for a bank is Bernie tier retardation.

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>>129115649

>leaf thinks that forcing banks to lend $300k to retarded niggers and Wal-Mart employees to buy homes they couldn't afford after 6 months via Dodd-Frank was a good thing

Maybe, just maybe, you should think about killing yourself for being a fucking retard. Dodd-Frank killed the housing market for 10 fucking years, you dim cunt. Even democrats know it was a miserable failure, it takes a Canadian to be the last to pick up on logic.

Dodd Frank put unrealistic expectations on to my old company which caused us to go under. All that happened was bigger abusers got bigger and the smaller ones died. Nothing was fixed.

>>129116067
No one was claiming otherwise. Your taking my original post and your response out of context. I didn't say Republicans were solely responsible, in fact I said that if someone THOUGHT this, here is an argument where it is not quite true. Then you posted some bullshit like because Bill Clinton signed the nail in the coffin, its the Dems fault, when we had thrift banks failing on a massive scale a decade before he was elected.

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>>129116485
>can't respond
>can't understand why someone would laugh at such high levels of autism
>m-must be a right wing retard
Thanks for further emphasizing that you actually have nothing to state and can't even correctly read and understand English. Again, you are pathetic and your avatarfaggotry is clearly a cry for help and the only social interaction you get.
>inb4 hur dur ur a rite wyng retards/drumpggff supporter
Read again autismo.

>>129116582
t. proud slave and proud goyim

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>>129116582
> Dodd-Frank killed the housing market for 10 fucking years

being this much of a wall street shill

wew lad

u fuckers are foaming at the mouth, so desperately wanting to crash the US economy again

>>129116365
You're a fucking retard my man. Alan Greenspan, chairman of the federal reserve and the chief architect of all Reagan era financial deregulation, was nominated to his position by Reagan.

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>>129116893
all u have are made up fantasy insults. i btfo u right wing retards every single day and u can't handle it

>>129117100
Oh fantasy? Prove me wrong?
>you right wing retards
AGAIN, you are so fucking autistic that you can't even read multiple times that I am not one, fuck you are so autistic it's honestly pathetic. Last (you) for you sperglord. Enjoy replying to yourself multiple times in the same thread, I guess you think that counts as human interaction.
>so fucking autistic he can't read English
Sad

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>>129116582
the only reason u right wing retards exist is to suck billionaire globalist corporate cock
Wall Street commands. You obey.

>>129116582
What housing market? We have a housing market in this country? I'm curious that if you think what Dodd-Frank did killed the housing market, that it was considered "alive" previous to that? The most overvalued, ballooned market of doom for the last 150 years?

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>>129117515
lol i love how triggered you are by me

let the butthurt flow through you

>>129108824
This is fucking crazy. They knew people would be paying attention to comey. They're trying to sneak this shit in while people aren't looking. Most people don't have any idea what this does or why it's a good thing so they won't care or remember when it's repealed.

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>>129117580
>Oh fuck it's this guy again.
I'm pretty sure I've run into you in threads before based on the leaf and your posts.
Listen, you make some good points but why do you have to be a dick about it?

You guys do realize that the only banks that will ever be able to do this are small local credit unions bright?

>>129111421
>I don't know anything about fenance

It's okay honey

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>>129118373
>but why do you have to be a dick about it?

because these right wing retards honestly exhaust me. I'm disgusted by these right wing billionaire globalist corporate shillcucks.

>>129118497
>people know finance
No one knows finance, Billy. You just try to convince people your guess is better than their guess.

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>>129118943
Right wing retard cucks think that if they just suck billionaire globalist corporate cock all day, their lives will be better. In reality, they're just cucks who love getting fucked up the ass.

>>129119226
What the fuck does any of that have to do with what I just said or anything about the financial choice act or dodd frank

>>129111312
it was crony capitalism

that being said...more important things for the congress to do besides this. They are fucking hacks

Settling in to read some real fuckin retarded opinions ITT

>>129111328
You can thank 2008 on Clinton, Ruben, Greenspan, and the Republican Congress. But it was Clinton that pushed for it in order to make loans easier for people who should have never qualified. Bush then doubled down on it.
They got rid of Glass-Steagall or the 1933 Banking Act, which worked really well. If anything Dodd-Frank does need to go away with the re-implementation of the unadulterated G-S. Again it is the fault of the two corrupt parties screwing the people.

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>>129120038
8 YEARS OF REPUBLICAN PRESIDENCY = THE BIGGEST GOP DINDU NUFFIN CHIMPOUT IN HISTORY

I honestly can't wait to see how hard u retards dindu chimpout the Trump disaster.

George Bush: we want everybody in America to own their own home. That's what we want.
https://www.youtube.com/watch?v=GkAtUq0OJ68&nohtml5=False

>>129120232
>I honestly can't wait to see how hard u retards dindu chimpout the Trump disaster.

this isn't Bush despite the bonesman heading the FBI

>>129121388
did u even read what i replied to? The point was that right wing retard Republicans crash the economy and then have a dindu chimpout

>>129121957
>The point was that right wing retard Republicans crash the economy and then have a dindu chimpout

everybody crashes the economy, thats the crux of this scam, watch both sides blame each other and participate

fuck that, call out these scumbags trying to slime into office,

keep the faggot cock sucking brothers under the skin out of the FBI

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>>129122513
Democrats don't crash the economy. Only Republicans do. Republicans fucking hate the American economy.

I'm starting to think you guys just douse your posts in meme vernacular, profanity, and partisanship in order to act like you are so casual with knowledge of the '08 disaster, subprime mortgage crisis, and deregulation legislation, when in fact you are completely ignorant and know nothing

>>129112413
Hillary would have appointed a bunch of career politicians.
That's why we voted Trump into office in the first place

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>>129122954
Posting pic related will make Oniggerleaf chimp out because he knows what the implication is, but will reply by either deflecting or something about republicans dindu nuffin, with gratuitous use of caps.

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>>129124536

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>>129125019
Obama leaf? is that you?

>>129113797
I agree, Goldman Sachs is super evil. That's why they're part of my portfolio. No matter what happens, Goldman Sachs comes out smelling like roses. They have people EVERYWHERE in government. I don't see a way to fight them so I might as well make money off of them.

>>129127631
>Jews are pulling all the strings.
>Super rich people buying politicians so they can crash the economy for money
>/pol blames jews

Dodd Frank destroyed small banks by setting reserve minimums too high. All it did was concentrate more power on Wall Street. Glass Steagall has always been useless and the "repeal" of it was only one section.

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>>129126388

Equal housing lending regulations, no income verification, historically low interest rates, mortgage backed securities, lax credit rating agencies created a system that rewarded risky lending ad infinitum. A mild bump in the economy and the slightest uptick in interest rates suddenly put everyone in America underwater on their mortgages. Unable to meet their monthly payments and owing more than their house is worth, Americans made the sound economic decision to walk away from their homes and leave the keys in the mailbox. (Banks called this "immoral" even though they do the same thing everyday.) , Mortgage Backed Securities (MBSs) sold to retirement funds as the safest financial instrument EVAR were suddenly worthless. Besides crushing Main Street's dreams, this caused the banks to tighten their sphincters and thus a credit crisis. No loans, no lending, no credit, NO BUSINESS! President Business and the government scoffed at letting the banks die of natural causes so they pumped the banks full of cash like chickens on antibiotics and guaranteed TRILLIONS in bad debt.

Dodd-Frank got rid of overdraft fees and that's why you don't have free checking anymore.

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>>129130967
Saw that file name and graph, figured it was you. Everytime you come here, this board falls for your shit.

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>>129133233
u mean they get redpilled by my truth bombs

>>129131678
this

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>>129133661
I'm not falling for that tonight. I want to relax and laugh at the Comey testimony, not argue about Obongo. Not tonight.

>>129133661
>truth bomb
You're the dumbest person here lmao, I don't know why the board falls for your shit.

https://www.usatoday.com/story/theoval/2014/07/02/obama-george-w-bush-quinnipiac-poll-reagan-clinton/11985837/

How does that make you feel?

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>>129134227
I'm laughing at May get btfo, UKIP get eternally btfo and based Corbyn gaining seats like crazy

>>129114301
That's sick!

You bankers need to be hanged!

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>>129134564

I can't comment on what good, if any, Dodd-Frank did, but I can say it was a HUGE pain in the ass to comply, follow all the rules, prepare for company audits, etc for the financial branch of the last company I worked for

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>>129134888
>you're welcome

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>>129108824
Fake news

>>129134830
Look at that guy offering "free 'andys"
Your not allowed to bribe people like that.
Sick state of affairs.

>>129135498
honestly i love your elections

been watching them on bbc since blair. the monster raving looney party always cracks me up. i love staying up late and watching uk elections damn its comfy

also your constituency names are fucking awesome

Vale of Clwyd.. somethign straight out of Game of Thrones or Lord of the Rings

>>129113172
>so them claiming its unconstitutional to limit banks 'speech' wouldn't surprise me.
Citizens United

The Supreme Court's 2010 decision in Citizens United v. Federal Election Commission helped unleash unprecedented amounts of outside spending in the 2010 and 2012 election cycles. The case, along with other legal developments, spawned the creation of super PACs, which can accept unlimited contributions from corporate and union treasuries, as well as from individuals; these groups spent more than $800 million in the 2012 election cycle. It also triggered a boom in political activity by tax-exempt "dark money" organizations that don't have to disclose their donors.

>>129113244
No it doesn't. Those rules are already in place.

Only thing it would do is cut advisors pay forcing them to grow their book of business to compensate pushing far less tailored advice

t. Securities licensed

So what is going to happen to my savings, should I pull it all out now since recession two conflagration bugaloo are all but guarented now?

>>129115725
>>129115147
Has Anyone Really Been Far Even as Decided to Use Even Go Want to do Look More Like?

>>129111328
>This is what happens every time. Right wing retard Republicans crash the American economy and then have a WE DINDU NUFFIN chimpout
I call that shearing the sheeple and it happens at least once a generation.

>>129136804
Kys

This is why things crash

Dems are emotional pansies, they pull out when shit like this happens, the market crashes cause everyone put their money under the sofa and then screech autistically at republicans

you idiots think this will pass the senate, wew

>>129141400
only because Democrats will block it

>>129112966
Nah man, this is all part of draining the swamp. Trumptards and conservatives will support anything that their party does, just like democrats and deplorable Obamafags. This is why that party and identity politics doesn't matter and is a joke, it's always been about the rich and powerful versus everyone else. Don't you goys get it? The rich will never have enough. Billions isnt enough, they want trillions. And they'll get it, at the expense of the hard working taxpayers like they do every time.

After this planet is gutted of all its natural resources and this joke of a society collapses, the survivors will wonder where it all went wrong. The answer will always be greed. Those that are the greediest are what we should all aspire to be in this twisted fucked up society, at any mental or physical cost. Fucking disgusting, but as they say nothing new under the sun. Keep it up Trump supporters, the wealth is going to trickle down any minute now and you'll all be millionaires, we just have to go through a couple more financial meltdowns so the billionaires can suck all the wealth left out of the middle and lower classes.

>>129136978
Yes, I have.