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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       Twitter Page       Linked In Page       Instagram Page

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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