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More regulations repealed, for the financial industry this time

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posted on Feb, 3 2017 @ 05:19 PM
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originally posted by: amazing
Great. Here comes another great recession.


A tremendous recession. Believe me.




posted on Feb, 3 2017 @ 05:32 PM
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a reply to: neo96

Do you remember 2008 and what caused it , the it we're still paying for ?
Your President has a short memory.

The president had praise for Jamie Dimon, whose bank, JPMorgan Chase, was often a target of regulatory actions by the Obama administration. “There’s nobody better to tell me about Dodd-Frank than Jamie, so you’re going to tell me about it,” Mr. Trump said.
www.nytimes.com...


JPMorgan , weren't they ....

The financial meltdown in 2008 was not the result of ethereal and enigmatic forces, it was the result of fraud in the financial markets. That truth was initially hidden by politicians, regulators, banks, and the bought priesthood of mainstream economics. But despite all the lies, the day of reckoning has finally arrived for one of the world’s most powerful corporations, JPMorgan.
shadowproof.com...


The talks went sour, and government lawyers prepared to file a lawsuit against JPMorgan in September and scheduled a news conference to announce it. But they canceled it at the last minute as JPMorgan reached out to government officials to discuss a settlement. JPMorgan Chief Executive Jamie Dimon met U.S. Attorney General Eric Holder later that month to talk about a deal on mortgage probes.
www.reuters.com...

They got away with a $13 billion fine.
I'm sure your economy is in safe hands



edit on 3-2-2017 by gortex because: (no reason given)



posted on Feb, 3 2017 @ 05:35 PM
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Trump can do no wrong, dont worry the banks will self regulate and have the people of America in their best interest at heart. I promise



posted on Feb, 3 2017 @ 05:35 PM
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a reply to: gortex

Yeah I know WHAT caused it.

Fannie,Freddy and the US government guaranteeing 95% of ALL us mortgages.

And the politicians lying and saying nothing to see here move right along.

Congressman made that mess.



posted on Feb, 3 2017 @ 05:38 PM
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Will these mean I can go crazy and overdraw my bank account whenever I want and go over my credit limits again?

Hooray!
edit on 3-2-2017 by Junkheap because: (no reason given)



posted on Feb, 3 2017 @ 05:45 PM
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a reply to: neo96

The Chief Executive of the bank accredited with causing the financial crisis is advising your president on banking regulation and you don't see a problem with that ?

Chicken coop and fox come to mind.



posted on Feb, 3 2017 @ 05:51 PM
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a reply to: Aazadan

Thread headline:
"" More regulations repealed, for the financial industry this time ""

yet none of the headlines in news links say anything has been repealed



explain ?



posted on Feb, 3 2017 @ 05:53 PM
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originally posted by: xuenchen
a reply to: Aazadan

Thread headline:
"" More regulations repealed, for the financial industry this time ""

yet none of the headlines in news links say anything has been repealed



explain ?



The EO's Trump signed repealed them by removing parts of Dodd Frank.



posted on Feb, 3 2017 @ 05:56 PM
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a reply to: xuenchen

From the NY Times article.

The executive order impacting Dodd-Frank is vague in its wording and broad in its reach; it never mentions the Dodd-Frank law by name, instead laying out “core principles” for regulating the financial system, including empowering American investors and enhancing the competitiveness of American companies.


They will be decided when Jamie Dimon tells Trump what he wants.



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