A Week After Virginia Election Sweep, Democrats Join Republicans for More Bank Deregulation

A Week After Virginia Election Sweep, Democrats Join Republicans for More Bank Deregulation
A Week After Virginia Election Sweep, Democrats Join Republicans for More Bank Deregulation

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6 Comments

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NebraskaWeedOwner · November 16, 2017 at 8:37 am

This has fucking Mark Warner’s name on it. So not *Exclusively* red state democrats. All the dems supporting this should should be tossed out on their asses for putting bankers above regular people.

dust_wind · November 16, 2017 at 8:37 am

The deregulation is increasing the amount from 50 billion to 250 billion in assets for a bank to meet to qualify as a “too big to fail” entity. This means the smaller banks don’t have to comply with certain dod frank rules but this also means that also means the us is still on the hook for bailing out the biggest banks.

iceblademan · November 16, 2017 at 8:37 am

*Exclusively red state Democrats

Impeccable journalistic integrity as always, I see. /s

Yuyumon · November 16, 2017 at 8:37 am

They make it sound like the people who were just elected are at fault for this. They are not. Its the senators not the governor, or state senators.

One of the big problems since the financial crisis has been that the big banks have been getting bigger and no new banks have been created since. The smaller banks are having issues lending out money because they have to obide by the same laws that are targeted at the too big to fail guys even though the small banks arent. It might be healthy for the banking system to increase the caps to 250 billions to give smaller banks an advantage.

Instant_Dan · November 16, 2017 at 8:37 am

Lol Greenwald

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