tagged w/ Dodd-Frank
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Stew School's in Session! -- How can you fight the Right if you don't understand what they're attacking?
Here’s how Dodd-Frank helps to reform Wall Street and the same tactics the financial community used to bring our economy crashing down...
http://veracitystew.com/?p=37457Stew School's in Session! -- How can you fight the Right if you don't... more
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The Dodd-Frank Rules, so hated by the banks and by Republicans, would have saved JP Morgan from a $2 billion loss. Mr. Romney, will you now support Dodd-Frank and the Volcker Rule? Will you do all you can to protect the American economy from the reckless practices of the financial sector? Like bugs mesmerized by the light, it seems they can’t help themselves.
http://veracitystew.com/?p=35263The Dodd-Frank Rules, so hated by the banks and by Republicans, would have saved JP... more
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"Right now – a lot of people don’t know this – you have six financial institutions – the largest six banks in the country – who control 60% of the assets of the United States of America. After we bailed them out, because they were too big to fail, three out of the four largest financial institutions actually became bigger."
http://veracitystew.com/2011/09/30/bernie-sanders-on-occupy-wall-street-video/"Right now – a lot of people don’t know this – you have six... more
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It's a tooth and nail, biting, kicking, and screaming fight between the corporate right legislature and lobby, and those watching over the new banking regulators and the thwarted enforcement of those regulations. As to be expected, Big Banking has infiltrated the highest office of the issue and is attempting to undo any reform regulation put in place since the banking meltdown. Director of Comptroller of the Currency and "his agency is seeking to soften a wide range of provisions, in areas ranging from the bread-and-butter of consumer protection to the esoteric details of how much money banks can borrow. Democrats and consumer advocates are particularly infuriated because Mr. Walsh, who stepped in as acting director in August, could be replaced by the White House at any time.
“The O.C.C. is acting as if there was never a financial crisis,” said Dennis Kelleher, president of Better Markets, a nonprofit group that advocates for increased regulation of the financial industry. “It’s just an utterly indefensible abdication of its responsibility to the American people.”
My question is: Where is the oval office on this issue? Why did he appoint a pro deregulation person to enforce the new consumer protection agency and it's regulations?
http://www.nytimes.com/2011/07/23/business/economy/dodd-frank-backers-clash-with-currency-chief-walsh.html?_r=1&nl=todaysheadlines&emc=tha24It's a tooth and nail, biting, kicking, and screaming fight between the corporate... more
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