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General News    H3'ed 4/26/18

How Senator Crapo's Dodd-Frank Rollback Will Let Banks Bet More Of Your Money

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It appears that the banking system ain’t broke, why are they fixing it? Dodd-Frank serves a purpose.It's meant to prevent another 2008-like Financial Crisis. But some of its core protections are under fire. The partial Dodd-Frank rollback makes banks more likely to fail and allows them to bet more of your money. It is  7 years since the passage, along with significant monetary policy easing and fiscal stimulus, credit is flowing, and the economy has significantly recovered. Corporate and industrial loans & overall loans have grown significantly! The  financial system is back to pre-crisis levels of activity,  Bank profits were at record levels in 2016 and, in the third quarter of 2017, banking industry’s average return on assets was at a 10-year high. Stopping bankers from gaming the system again should be at the forefront of the mind of any politician who wants to rewrite Dodd-Frank.

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Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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