Trumpian deregulation...this explains why Wall St fought Trump so hard

[cnelsen]

$204,000,000,000 (fines and settlements levied on mortgage lenders 2009-2015)
5,034,246 (US homes repossessed by mortgage banks 2009-2015)
$ 40,522 (regulators' cut of bank's profits per home repossessed)

Speaking of con men...

 

[EdwardBaiamonte]

$204,000,000,000 (fines and settlements levied on mortgage lenders 2009-2015)
5,034,246 (US homes repossessed by mortgage banks 2009-2015)
$ 40,522 (regulators' cut of bank's profits per home repossessed)

Speaking of con men...

no idea what your point is??

 

[cnelsen]

$204,000,000,000 (fines and settlements levied on mortgage lenders 2009-2015)
5,034,246 (US homes repossessed by mortgage banks 2009-2015)
$ 40,522 (regulators' cut of bank's profits per home repossessed)

Speaking of con men...

no idea what your point is??

The default assumption is that the Wall St banks would welcome less regulation so they could get away with more chicanery. But they overwhelmingly backed the candidate who called (publicly, at least) for more regulation. The above suggests the banks and the regulators are just fine with the status quo. The million American families who lose their homes to the banks every year default to Trump's position of wanting less regulation. A paradox.