Drain The Swamp, Cont.


Key U.S. Banking Regulators Say They’re Ready to Roll Back Rules

Top U.S. banking regulators are sprinting to ease the Volcker Rule, stress tests and other constraints on Wall Street after the Trump administration issued a long list of proposals last week for rolling back post-crisis financial rules.

“We should assess whether we can adjust regulation in common-sense ways that will simplify rules and reduce unnecessary regulatory burden without compromising safety and soundness,” Powell said in prepared remarks for the Senate Banking Committee.

The Volker Rule, if you forgot, were part of the Dodd-Frank leglislation to help prevent another great crash like that which we suffered during Chimpy’s Reign of Error, “to restrict United States banks from making certain kinds of speculative investments that do not benefit their customers.” –In other words, don’t go gambling with other people’s money and expect to be bailed out.

This is the Swamp at its most basic, mud-level.

This entry was posted in 4th Reich, Chimpy's Economic Disaster, The Swamp. Bookmark the permalink.

4 Responses to Drain The Swamp, Cont.

  1. Ivory Bill Woodpecker says:

    The average Trump Chump is just fine with getting sodomized with a baseball bat, as long as the black guy next door is getting sodomized with a utility pole.

    Like

  2. osirisopto says:

    The food riots seem to be not just inevitable, but a goal.

    Like

  3. Feline Mama says:

    Another day, another gold star for DumpTruck.

    Like

Speak!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s