Home » House votes to roll back portions of Dodd-Frank

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House votes to roll back portions of Dodd-Frank — 10 Comments

  1. Two hundred million in foreign, unmarked credits, and wealthy donors exceeding contribution limits. Foreign influence, collusion, and now spying at the twilight fringe of Democrats’ ambitions and bigotry (i.e. sanctimonious hypocrisy, although, technically… Pro-Choice).

  2. The Wall Street Journal weighs in on the bill.

    It’s largely about the sausage making. Departed Trump advisor Gary Cohn was mostly responsible for the bill’s much scaled back scope, and Sen. Crapo(R) signed onto that structure early in the hopes of pulling in a few Dems.

    Sen. Sharrod Brown bailed out, but Heitkamp and Tester hung in. This caused a bit of a Dem. fracture, with Sen. E. Warren railing against Heitkamp and Tester in a fundraising email.

    Rep. Hensarling pushed hard recently for the House to toughen the measure, but Trump, Crapo, and surprisingly a large group of bank lobbyists wanted to take the existing bill as is.

  3. https://www.forbes.com/sites/johntamny/2014/03/09/the-fed-is-not-printing-money-its-doing-something-much-worse/

    The fed reserve can decide at any time to make US dollar go hyperinflation, without the oversight of Congress or the US President.

    That’s the Deep State for ya. A State truly has the power to create and back its own currency.

    Meanwhile, they use smoke and mirror distractions with these “small banks” to keep America’s eye off the problem.

  4. Ymar,

    Your linked article was written in 2014. Has the predicted hyperinflation from QE come to pass?

  5. Has the predicted hyperinflation from QE come to pass?

    Are you asking have your predictions come to pass? No, they have not.

  6. Ymar,

    Do you feel the same way about predictions of AGW and it’s effects on humanity?

  7. Tuvea Says:
    May 24th, 2018 at 9:30 am

    You’re going to have to be a little more specific in your elaboration.

  8. I assume the Republicans in Congress screwed the job up and added features which will make the situation worse and not better. Actually segregating the capital markets and deposits and loan banking, inducing banks to divest themselves of foreign subsidiaries, placing inhibitions on banking consolidation, removing perverse incentives which promote the expansion of the secondary mortgage market and promote it’s domination by a couple of crony-capitalist pseudoprivate enterprises, and reducing permissible leverage among hedge funds were items not on the agenda.

  9. Ymar…my prediction was textbook Keynes: monetary policy is ineffectual when one is in a liquidity trap, as we were in 2014.

    It’s unlikely to create demand, thus unlikely to stimulate the economy, and thus unlikely to lead to hyperinflation…which isn’t to say we shouldn’t have tried it.

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