Why "kill" Dodd-Frank and allow the corruption to continue?

nat4900

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Mar 3, 2015
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Among the most moronic setbacks by the Trump administration is to abolish the modest regulations imposed on Wall Street bankers and other public companies. All that Dodd-Frank is mandating is for the SEC to disclose the ratio between these companies' CEO's compensation in comparison to the median workers within that same conglomerate.

Wall Street demanded that we, tax payers, bail them out from their addiction to gambling with other peoples' money.......and in return, Wall Street is now also demanding to maintain their secrecy in how they choose to compensate and reward the chief gamblers who caused the 2008 financial meltdown.

Wall Street CANNOT have it both ways......CAPITALISTIC tenets when the going is good, and SOCIALISTIC tenets when they screw up and need bailing out form common tax payers.
 
Among the most moronic setbacks by the Trump administration is to abolish the modest regulations imposed on Wall Street bankers and other public companies. All that Dodd-Frank is mandating is for the SEC to disclose the ratio between these companies' CEO's compensation in comparison to the median workers within that same conglomerate.

Wall Street demanded that we, tax payers, bail them out from their addiction to gambling with other peoples' money.......and in return, Wall Street is now also demanding to maintain their secrecy in how they choose to compensate and reward the chief gamblers who caused the 2008 financial meltdown.

Wall Street CANNOT have it both ways......CAPITALISTIC tenets when the going is good, and SOCIALISTIC tenets when they screw up and need bailing out form common tax payers.
The problem here is the problem with everything these types of bills are really doing, when "wall street" is bailed out everyone is entitled to know where the money went and who got what [and that happens without dodd-frank], but as usual that is the right thing hiding the wrong thing, what it does after that is make wall-street open its bottom line to the public to show what they are hauling in when they are successful and doing their job and the reason for that is to create a class warfare mentality to further divide us...there is no reason to publicly disclose what they are making if tax payer bailouts are not involved.
 
The financial meltdown was caused by Chris Dodd and Barney Frank and their cover ups for Fannie Mae and Freddie Mac. Their dumb attempts to put people in homes they could not afford to buy caused the housing bubble meltdown. So, I do not know why punishing Wall Street would fix that debacle!
 
The answer was given to us by Trump himself in 2006 when asked about the predictions of the coming collapse..."I sort of hope that happens because then people like me would go in and buy,"
 
Loons always use alt-facts. Its under review. We don't know WTF he is going to do. One thing for sure, there is some agency involved. Cant remember details, but it was something along the lines of getting rid of the boss and replacing him with a board and use an inspector general to watch for corruption.
 
The financial meltdown was caused by Chris Dodd and Barney Frank and their cover ups for Fannie Mae and Freddie Mac. Their dumb attempts to put people in homes they could not afford to buy caused the housing bubble meltdown. So, I do not know why punishing Wall Street would fix that debacle!
That's even nuttier than the OP. The reason to get rid of Dodd Frank is the focus is wrong; It's not that there isn't enough of govt telling banks what to do and not to do. Rather, the requirements for maintaining case and assets that aren't cross-collateralized with the debt they are supposed to be held against in case of default were too lax. That was partially a fault of Greenspan, and partially of both parties who were taking in cash from Wall St. The question about the Trump admin is whether they'll have the balls to stand up to Wall St, and force them to actually hold assets as collateral instead of "gambling" with those assets as well. I'm not optimistic.
 
Among the most moronic setbacks by the Trump administration is to abolish the modest regulations imposed on Wall Street bankers and other public companies. All that Dodd-Frank is mandating is for the SEC to disclose the ratio between these companies' CEO's compensation in comparison to the median workers within that same conglomerate.

Wall Street demanded that we, tax payers, bail them out from their addiction to gambling with other peoples' money.......and in return, Wall Street is now also demanding to maintain their secrecy in how they choose to compensate and reward the chief gamblers who caused the 2008 financial meltdown.

Wall Street CANNOT have it both ways......CAPITALISTIC tenets when the going is good, and SOCIALISTIC tenets when they screw up and need bailing out form common tax payers.


No....Dodd-Frank has worked exactly as planned...it has shut down small community banks and created fewer, larger, too big to fail banks.....just like the democrat wanted....Dodd-Frank has created the next banking disaster, just like the democrats want....
 
Among the most moronic setbacks by the Trump administration is to abolish the modest regulations imposed on Wall Street bankers and other public companies. All that Dodd-Frank is mandating is for the SEC to disclose the ratio between these companies' CEO's compensation in comparison to the median workers within that same conglomerate.

Wall Street demanded that we, tax payers, bail them out from their addiction to gambling with other peoples' money.......and in return, Wall Street is now also demanding to maintain their secrecy in how they choose to compensate and reward the chief gamblers who caused the 2008 financial meltdown.

Wall Street CANNOT have it both ways......CAPITALISTIC tenets when the going is good, and SOCIALISTIC tenets when they screw up and need bailing out form common tax payers.

abolish the modest regulations imposed on Wall Street bankers and other public companies.

They weren't modest. They were expensive and didn't work.

Wall Street demanded that we, tax payers, bail them out from their addiction to gambling

Yeah, the profitable bailout that saved the banking system was horrible. Moron.
 
The financial meltdown was caused by Chris Dodd and Barney Frank and their cover ups for Fannie Mae and Freddie Mac. Their dumb attempts to put people in homes they could not afford to buy caused the housing bubble meltdown. So, I do not know why punishing Wall Street would fix that debacle!
That's even nuttier than the OP. The reason to get rid of Dodd Frank is the focus is wrong; It's not that there isn't enough of govt telling banks what to do and not to do. Rather, the requirements for maintaining case and assets that aren't cross-collateralized with the debt they are supposed to be held against in case of default were too lax. That was partially a fault of Greenspan, and partially of both parties who were taking in cash from Wall St. The question about the Trump admin is whether they'll have the balls to stand up to Wall St, and force them to actually hold assets as collateral instead of "gambling" with those assets as well. I'm not optimistic.
You should study more?
 

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