Congress has moved to dismantle some key rules for banks that were installed to prevent a replay of the 2008 financial crisis.
The House voted 258-159 to approve legislation rolling back the landmark Dodd-Frank law, sending the bill to President Donald Trump. He is poised to sign it into law to deliver on a campaign pledge of gutting Dodd-Frank.
The Republican-led bill, which already cleared the Senate in March, garnered votes from some House Democrats.
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How will this help prevent another financial crisis in the future? Congress has a pretty short memory.
ReplyDeleteDodd / Frank caused the housing crisis and market collapse.
ReplyDelete5:39. Sorry but you are wrong. Dodd Frank was passed in July 2010. After, and in response to the housing crisis and market collapse.
ReplyDeleteNow the agenda is to prepare to CREATE another collapse. Pendulum swing. The elites hate us and think we are stupid, and many of us are in fact stupid, so they take advantage of us.
ReplyDeleteSad