Congress Frees Big Banks From Regulations That Kept Them Only Obscenely Profitable
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Should be in every edition. Terrific news for the oppressed small-to-great-big banks of America! Yesterday, the House passed its version of the banking bill, which will finally remove some of the regulations put in place on the banking industry after it crashed the economy in 2008. The bill, which undoes a lot of the Dodd-Frank regulatory structures designed to prevent banks from making risky gambles with publicly insured assets and to reduce the likelihood of another cascading financial failure like the 2008 crisis, will surely free the banking industry from the regulatory burdens that kept them from profitability for so long! How badly needed was this bill? Well, as CNN
Congress Frees Big Banks From Regulations That Kept Them Only Obscenely Profitable
Congress Frees Big Banks From Regulations…
Congress Frees Big Banks From Regulations That Kept Them Only Obscenely Profitable
Should be in every edition. Terrific news for the oppressed small-to-great-big banks of America! Yesterday, the House passed its version of the banking bill, which will finally remove some of the regulations put in place on the banking industry after it crashed the economy in 2008. The bill, which undoes a lot of the Dodd-Frank regulatory structures designed to prevent banks from making risky gambles with publicly insured assets and to reduce the likelihood of another cascading financial failure like the 2008 crisis, will surely free the banking industry from the regulatory burdens that kept them from profitability for so long! How badly needed was this bill? Well, as CNN