What could be Obama's Most Costly Regulation ever

Discussion in 'Politics' started by Charles_Main, Jun 23, 2012.

  1. Charles_Main
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    Charles_Main AR15 Owner

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    The obscure part of Dodd Frank that will Force Foreign Depositors to Report their Deposits in US banks to the IRS and Pay Taxes on them. Estimates say 3.6 Trillion dollars will be pulled from US banks if the Regulation Goes Forward.

    3.6 Trillion less money US banks will have to lend.

    Woot
     
  2. Dick Tuck
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    Dick Tuck Board Troll

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    Got a link?
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny don't feel sorry fer `em...
    :eusa_boohoo:
    FDIC sues banks over mortgage securities
    Aug. 11 (UPI) -- Federal regulators sued 11 major banks for allegedly swindling Colonial Bank by selling the Alabama lender $388 million in mortgage-backed securities.
    See also:

    Bankers blindsided by N.Y. Iran charges
    Aug. 11 (UPI) -- U.S. banking regulators said the global industry was growing worried about the fallout from accusations made by their counterparts with the State of New York.
     

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