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Trump ignites political fight over U.S. banking law reforms

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Can one of you Trump supporters explain how this helps working Americans? We got hurt pretty badly by the bank's behaviors leading up to 2008. How exactly does this help? You'd think that someone who campaigned on a promise to drain the swamp would wait at least a few months before filling it back up.

4 ( +5 / -1 )

This is what happens with the fox in charge of the hen house.

6 ( +7 / -1 )

“I have so many people, friends of mine, that have nice businesses that can’t borrow money…because the banks just won’t let them borrow because of the rules and regulations in Dodd-Frank.”

Now the banks can lend millions to his poor suffering friends who so badly need those loans. I'll sleep better tonight.

3 ( +5 / -2 )

The costs of time and money for compliance with increased government regulations has without question forced consolidation of the industry by driving out small, community banks as well as the small businesses that rely on them.

-4 ( +2 / -6 )

"...........but Hillary was for Wall Street".

2 ( +4 / -2 )

Can one of you Trump supporters explain how this helps working Americans? We got hurt pretty badly by the bank's behaviors leading up to 2008. How exactly does this help? You'd think that someone who campaigned on a promise to drain the swamp would wait at least a few months before filling it back up.

The Dodd-Frank law never got to the heart of the problem, more like window dressing IMO. But yeah, with those Goldman .01%'ers smiling ear to ear behind him, is bringing my coffee and peanut butter cookie back up. On the other hand, you should give Trump some time. He could have a card up his sleeve. Of course bringing back Glass-Steagall, as he said he would, would be best. Will he? Is this the plan? Let them destroy it all over again then force it upon them as Obama SHOULD have done? Who knows. One thing, if he decides to bail them out again, he will not be reelected, and that is something he couldn't bear...LOL So there's that.

-4 ( +0 / -4 )

Glass-Steagall is the key here and investment banks like Goldman Sachs should not be getting Federal Reserve loans.

1 ( +1 / -0 )

On the other hand, you should give Trump some time.

Trump backers constantly (and rightly) assailed Clinton for her ties to Goldman Sachs and Wall Street, claiming Trump was going to break away from big banking and its control.

Trump has now selected four nominees with Goldman Sachs ties for prominent posts in his administration. How much time should he, Goldman Sachs and Wall Street in general be given to, as Lizz said, help small businesses?

I'm not holding my breath hoping Trump and his fellow global elite are going to do anything beyond lightly trickling down (golden or not) on small businesses and joe-on-the-street. When have Republicans ever cared about much beyond maintaining their personal wealth, plus starting wars to wag the dog when things go south and to jump start an economy they helped wreck.

5 ( +7 / -2 )

This is what happens with the fox in charge of the hen house.

It's not even two months and you guys on the left are running around as if you guys have ants in your pants. I know he's moving so fast and hitting these polices out of the ball park one after another than Obama has in 4 years, but how about and take a wait and see approach as to what happens. Trump is a methodical thinker, has been, doesn't reveal his cards unlike some other presidents. We don't know yet what will happen.

-7 ( +1 / -8 )

We don't know yet what will happen.

You may not. The rest of us are seeing it coming from a mile away.

3 ( +6 / -3 )

Exactly, Lizz! Like that stipulation that retirement advisers should not be free to rip you off. Hey, if they want to nudge the more dottering demographic into investments that generate huge fees and kickbacks for the adviser - I call that "freedom"! - freedom to pick financial advisers who put their interests ahead of yours. Caveat emptor; any attempt to regulate the sharks preying on the elderly is simply more red tape and, frankly, slavery (for the former, at least).

3 ( +5 / -2 )

During the election, Trump got in a fit over Clinton giving a simple speech to Goldman Sachs, yet here he is cozying up to those same people and going back on his campaign promises of being tough on Wall Street. Of course, he wants more deregulation in the banking sector, many of his buddies are in it and can stand to benefit most from it. Trump is the pure essence of a hypocrite. He just wants to allow Wall Street and his buddies to step all over the little people, like us.

5 ( +7 / -2 )

The rest of us are seeing it coming from a mile away.

Great! So with Trump winning the election, starting to build the wall, moving fast to create jobs and making on his promise to stop federal funding for NGOs, this should be a piece of cake for him to tackle as well. We all saw this a mile away and it happened.

-8 ( +1 / -9 )

You may not. The rest of us are seeing it coming from a mile away.

Really? Care to make a prediction?

-5 ( +1 / -6 )

Trump is a methodical thinker

I'm laughing so much I'm going into cardiac arrest.

6 ( +7 / -1 )

A leader who seeks change often knows and must make sure he has his enemies as close to his pocket as possible, both to monitor and to influence them to submit to his ways. (That is exactly what Ieyasu Tokugawa dd which got the worlds only peace and prosperity that lasted for 200+ years and it is written in Lao Tsu's "The Art of War" as a necessary tactic to keep control.) So keeping people from Goldman Sachs and to watch how they work certainly makes sense, to find ways to change and undermine any conspiracies.

In any case, he is addressing the "regulations" issue directly with what happened in the last 8 years and determine its affect and effects. It is a "review" of the effectiveness and meaningfulness of the prior actions to seee if there is a need for change to make it better or to eliminate and replace.

There is nothing wrong with that. He is only looking for "accountability" in past actions by both the past Presidents and the past Congress. I would say, it is about time it was done. It should be done regularly as time changes situations, circumstances, condition and the environment within which any legislation was designed to work in.

-4 ( +1 / -5 )

Everyone knew Trump was going to betray his base. From the beginning he showed he cares for no principle beyond what personally benefits him.

The question is, when will his base realize they've been duped? Will they realize it soon and get angry enough to do something to stop him while they can? Or will they keep getting distracted by their hatred of women, gays, and brown people until Trump has twisted the democratic institutions of government so that he is unstoppable? We've been listening to Trump's base demanding the "sheeple" "wake up" for years. When are they themselves going to get woke?

3 ( +4 / -1 )

I know he's moving so fast and hitting these polices out of the ball park one after another than Obama has in 4 years, the only thing hes hit is a ban on immigration and thats being taken to court. The rest has to go through congress. So when he runs out of ideas hell just make shite up as usual.

0 ( +0 / -0 )

This bloke won,t last the year LOL

3 ( +3 / -0 )

Forget Clinton for now. She lost. We deal with Drumpf as that's who is there right now.

It is to be expected that he is trying to dismantle Obama's legacy. He built his whole campaign around it. It all confirms the bigoted, corporate-friendly approach that everyone with an ounce of sense was afraid of. The only thing we don't know yet is how much damage he and his cronies will do before the next election.

But then the Democrats can only blame themselves for falling into the whole personality politics thing and picking a candidate that was doomed to be tarred with the same brush as Drumpf. Having a famous name on the ballot is going to fail one way or another most of the time.

2 ( +2 / -0 )

the Democrats can only blame themselves for falling into the whole personality politics thing and picking a candidate that was doomed to be tarred with the same brush as Drumpf.

This I can agree with.

Having a famous name on the ballot is going to fail one way or another most of the time.

But Trump was a famous name.

1 ( +2 / -1 )

@Strangerland

But Trump was a famous name.

Yup. And he now has four years (at least) to make a complete idiot of himself. Or not. But I suspect that he will.

2 ( +2 / -0 )

Yup. And he now has four years (at least) to make a complete idiot of himself. Or not. But I suspect that he will.

And if he doesn't?

-2 ( +0 / -2 )

And if he doesn't?

Dude, he already did it in Week 1.

2 ( +2 / -0 )

Dude, he already did it in Week 1.

Get a lot of stuff done and executive order passed, he sure did!

0 ( +1 / -1 )

In the final analysis, we live in a physical world.

Action and not rhetoric that gets results.

One must take properly evaluated and calculated action to determine its meaningfulness and effectiveness.

While education gives knowledge and guidance and training gives skill, it is meaningful experience using that knowledge and skill with proper perspective that gives wisdom.

Hopefully Trump's experience has give him the wisdom. So far, his actions have started the changes which allows proper evaluation of what the governments roles and responsibilities are in relation to the people of the nation it represents and the effects of what action or inaction has wrought..

-1 ( +0 / -1 )

Kazatsukai; Budda -You only gain wisdom when you understand repect. President Trump does not understand respect there fore He has zero wisdom. He a property developer born with a gold nugget for a brain. He was give his first million. I lay money I could be a rich has This idoit of President also. Like I said This Idoit won,t last the year.

0 ( +0 / -0 )

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