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House Republicans Pass Bill to Rip Up Post-Crisis Bank Rules

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posted on Jun, 9 2017 @ 04:43 PM
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a reply to: 3NL1GHT3N3D1

The rich want the markets to crash because this makes stocks and other investment avenues much cheaper. With stocks the big whales know when a crash will happen. In fact they basically cause it or at least make it worse by pulling everything out of the market at peak. Then buy everything back up at pennies on the dollar. While the smaller fish flail and flounder till dead. Thus killing off competition for the whales.




posted on Jun, 9 2017 @ 05:21 PM
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originally posted by: conscientiousobserver
a reply to: 3NL1GHT3N3D1

The rich want the markets to crash because this makes stocks and other investment avenues much cheaper. With stocks the big whales know when a crash will happen. In fact they basically cause it or at least make it worse by pulling everything out of the market at peak. Then buy everything back up at pennies on the dollar. While the smaller fish flail and flounder till dead. Thus killing off competition for the whales.


Funny you should say that. For the longest time I didnt understand why stockholders like job losses. Then the big one hit on 2008-9



posted on Jun, 9 2017 @ 05:27 PM
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More excellent news - it keeps coming.

The ONLY issue with removing regulations is if these banks ever get a bailout again. They should be allowed to operate but understand that failure means failure and they will not get tax payers money to help them out. Greed should never be regulated, it should be punished by the market.



posted on Jun, 9 2017 @ 05:34 PM
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a reply to: UKTruth

Retires were punished. And never got back what they lost. Time ran out for many.



posted on Jun, 9 2017 @ 05:46 PM
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originally posted by: MOMof3
a reply to: UKTruth

Retires were punished. And never got back what they lost. Time ran out for many.


Retirees are accountable for their investments. If they choose to invest their future in a high risk scheme, and leave it to someone else to manage in order to get a higher return and lose it all, then that is their fault.

If you swim with sharks, don't cry about being bitten.
edit on 9/6/2017 by UKTruth because: (no reason given)



posted on Jun, 9 2017 @ 05:50 PM
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a reply to: pirhanna

Most of the rules they are removing are ones that were forced onto smaller community banks like the one we use - a small regional.

They didn't cause the problem in the first place.



posted on Jun, 9 2017 @ 06:05 PM
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originally posted by: UKTruth
More excellent news - it keeps coming.

The ONLY issue with removing regulations is if these banks ever get a bailout again. They should be allowed to operate but understand that failure means failure and they will not get tax payers money to help them out. Greed should never be regulated, it should be punished by the market.


That won't happen. At the end of the day, no one wants to see an honest citizens life savings, pension, or retirement fund get wiped out because of a bankers mistake.



posted on Jun, 9 2017 @ 06:09 PM
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a reply to: UKTruth

You don't have a choice if it's the only one offered by employers.

edit on 9-6-2017 by MOMof3 because: (no reason given)



posted on Jun, 9 2017 @ 06:13 PM
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originally posted by: toysforadults
a reply to: Krazysh0t

I KNOW THAT'S WHY I AM ADVOCATING FOR A FREE MARKET DUHHHH


Free markets are impossible. Advocating for it, is essentially advocating for nothing. Free markets, and capitalism for that matter rely on the underlying assumption that consumers have perfect access to information for products and services. That is not the case, and it will never be the case. In fact, without the regulation of forcing companies to provide information a free market cannot exist. Yet, creating that regulation itself disrupts the idea of a free market.

On top of that, companies themselves will rig the market absent government involvement. Walmart for example can afford to drop a product below cost for a year to price out competitors and create a monopoly. When companies become big enough, they get to dictate rules for products. A free market therefore requires an outside hand to stop those companies, which again means regulating people.

Another example which would be topical is the 2008 phrase of "Too big to fail". That environment is precisely what a lack of regulation and oversight gets you. It would seriously disrupt GDP, or national security, or national influence to allow certain businesses to fail. For example, had we let the banks fail, we would have half the number of retirees in the coming decade (maybe even less than half) as their savings would have disappeared. That means people working past retirement, working until they die, and fewer jobs for young people as no one would be moving up. This would create unemployment, a greater need for subsidies, and lower GDP.

This effect would last a generation if not more, as young people in 2008 wouldn't progress as far in their careers over their entire lives. Furthermore, this would erode our nations talent pool for upper management, and broaden the base for worker drones reducing the depth and breadth of our nations skill set.

That's just one small aspect of the fallout.

The only sane solution was a bank bailout.
edit on 9-6-2017 by Aazadan because: (no reason given)



posted on Jun, 9 2017 @ 06:16 PM
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originally posted by: conscientiousobserver
a reply to: 3NL1GHT3N3D1

The rich want the markets to crash because this makes stocks and other investment avenues much cheaper. With stocks the big whales know when a crash will happen. In fact they basically cause it or at least make it worse by pulling everything out of the market at peak. Then buy everything back up at pennies on the dollar. While the smaller fish flail and flounder till dead. Thus killing off competition for the whales.


What IS that old saying???

"BUY when there is blood in the STREETS"

-Some rich dude.



posted on Jun, 9 2017 @ 06:17 PM
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originally posted by: MOMof3
a reply to: UKTruth

You don't have a choice if it's the only one offered by employers.


You can always opt out and invest yourself. I do



posted on Jun, 9 2017 @ 06:19 PM
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originally posted by: Krazysh0t
If anything we should be strengthening the bill and getting rid of the loop holes like the one you just mentioned.


Lets bring back Glass-Steagal, it's a great piece of legislation. It was only two pages long, none of this many thousands of pages BS that Dodd-Frank is. No one had teams of lawyers trying to figure out how to be compliant with it. Anyone could read it and understand it.



posted on Jun, 9 2017 @ 06:25 PM
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originally posted by: Throes

originally posted by: MOMof3
a reply to: UKTruth

You don't have a choice if it's the only one offered by employers.


You can always opt out and invest yourself. I do


Ah, taking personal responsibility instead of blaming others. Bravo.



posted on Jun, 9 2017 @ 06:49 PM
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a reply to: Throes

Private retirements lost too.



posted on Jun, 9 2017 @ 06:52 PM
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originally posted by: MOMof3
a reply to: Throes

Private retirements lost too.


Of course, I can put all of my investments in bitcoin which is super volatile and if something happens I lose it all. It's all about personal responsibility. I can also take out a insurance backed CD with a lower interest rate (aka lower risk) and still invest.

Educate yourself, find your risk level you are comfortable with, and invest away.



posted on Jun, 9 2017 @ 07:21 PM
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a reply to: Throes

Planning for old age and retiring is taking responsibility.



posted on Jun, 9 2017 @ 07:34 PM
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Greed should never be regulated, it should be punished by the market.


Wow, that's the most naive thing I've heard all week.



posted on Jun, 9 2017 @ 07:54 PM
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originally posted by: conscientiousobserver
a reply to: 3NL1GHT3N3D1

The rich want the markets to crash because this makes stocks and other investment avenues much cheaper. With stocks the big whales know when a crash will happen. In fact they basically cause it or at least make it worse by pulling everything out of the market at peak. Then buy everything back up at pennies on the dollar. While the smaller fish flail and flounder till dead. Thus killing off competition for the whales.



Its more than that. It part of the game of an advanced Ponzi deal. They MUST crash, must make crashes happen before the payout gets to big. Them stepping in later for pennies on the dollar is simply the end game of Sting game. Nothing natural about it. Its not even like a master card player taking all of a kid piggy bank......its much worse.



posted on Jun, 9 2017 @ 08:34 PM
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originally posted by: Throes
Educate yourself, find your risk level you are comfortable with, and invest away.


Even low risk is risk. The investing yourself route has so many pitfalls that I'm not even sure where to start.

To begin with, if you invest in index funds and mutual funds, you'll get a return that's close to the market average. The best investors in the world can't even consistently hit the market average, much less outperform it. This is why people like Soros and Buffet are so notable and even they can't outperform the market as a whole every year. An individual managing their own investments is highly likely to lose it all in the long term or at the very least, suffer severe opportunity cost.

Another issue is taxes which certain investment accounts fall under more preferable laws. Simply investing in CD's is going to have upfront taxes on capital gains while a tax deferred account will wait until the future. This matters a lot because the tax rate is progressive, and in the years you're earning you might be making 100k and paying taxes on 100k, but in the years you're going off your account you might only be making 50k, qualifying you for a lower rate. Few people see an increase in income come retirement.

Next is one of opportunity cost. If you max out your 401k it's typically about 6% in free salary your company is giving you. That means, if you're saving 20%, it's like you're saving 26%, a 30% boost. Even if you're a good investor, you're not so good that you can outperform 30% more investment capital every single year.

Finally, ironically... by putting your money in savings and CD's you're actually furthering the problem because the whole issue with 2008 was that the banks were gambling with depositors money. Not just investment accounts, those accounts were actually rated according to their risk level. It was the bank deposits, CD's, etc that banks were taking and using for what ended up being fraudulent purchases.

Said problem is what Dodd Frank was meant to legislate away (note that Glass-Steagall also did it). But that change was reversed a couple years ago with barely any mention in the press.



posted on Jun, 11 2017 @ 03:48 AM
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Crashes are good they force evolution and give others opportunities to purchase the assets of failed corporations and restructure the business in a more profitable way.


a reply to: toysforadults

Breaking news! Great depression was a good thing!
edit on 11-6-2017 by Nfinite because: edit



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