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

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.