Quote:
Originally Posted by wiphan
that is a fine line you need with banking regulation. Too much regulation like we have today and there is no risk taking in business or consumer lending. Too little regulation and we get what we had in the early 2000's. Dodd/Frank went way too far and is not helping the consumer at all just putting more money in the government and the banks pockets
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there's more on the way. a bank just announced that with all the new regs coming down, it's not going to be profitable for them to keep doing business so they're closing the doors.
but what's happened is that the regulations are killing all the small ones-but not the big banks they'll benefit immensely. but like i said, follow the $. it's always about the money.
thing is, it would be pretty easy to get things back to where they need to be-but those with the true power don't want that to happen.
almost makes me just say forget it, and start watching that boo boo show, or dancing with the stars and not read the news anymore.