Killing Them Softly...

Discussion in 'Politics' started by Seawytch, Sep 19, 2011.

  1. Seawytch
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    Seawytch Information isnt Advocacy

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    Republican candidates Rick Perry, Michelle Bachmann and even Newt Gingrich have been calling for the repeal of the Dodd/Frank banking regulations bill, claiming that these regulations are KILLING the banking industry.

    Such a horrid death...

     
    Last edited: Sep 19, 2011
  2. Photonic
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    Photonic Ad astra!

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    What about the smaller startup banks? Seems like it's only profiting large banks.
     
  3. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    Smaller, "startup" banks aren't the ones playing games with derivatives, or "too big to fail".

    Dodd-Frank doesn't have anything to do with the local East Bumblefuck Savings and Loan.
     
  4. Conservative
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    Conservative Type 40

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    4 banks proves the industry as a whole is in awesome shape, profit wise, eh?

    Bofa lays off 3,500; profits down

    Citigroup: U.S. Banks’ Profits to Decline 45% in Third Quarter

    FDIC: banks which have failed since October 1, 2000

    Number of Troubled U.S. Banks Rising
     
  5. flacaltenn
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    flacaltenn USMB Mod Staff Member Gold Supporting Member

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    It's not hard to be "up 24%" when you were in the toilet the previous year.. And the other posters got it right. Dodd especially has ALWAYS been in the back pocket of the larger banks. Dodd/Frank is the way we rid the country of having smaller local choices.. Congrats for supporting that..

    Most regulation tends to favor the big guys... And DoctorIsIn NEEDS to worry about 1st Bank of BumbleFuck...

    http://www.biztimes.com/news/2011/6/10/dodd-frank-act-spells-trouble-for-small-banks\

    After all, Congress passed D/F as a blank bill and the regulators are STILL WRITING THE LAW. "Won't know what's in it until AFTER we pass the bill" as Nancy says.. Long after..
     
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    Last edited: Sep 19, 2011
  6. Montrovant
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    Montrovant Fuzzy bears!

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    [ame=http://www.youtube.com/watch?v=7YAEWrnOtrY]Fugees - Killing Me Softly [HQ] - YouTube[/ame]
     

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