Breaking: Paul Ryan Lies Again

“Oh, gross,” said the fish

Yesterday, the House passed a bill that rolls back a large chunk of Dodd-Frank, the YUGE financial reform bill that gave banks new rules to try to prevent another massive financial meltdown like the banks destroyed the world’s economy during Chimpy’s Reign of Error.

Paul Ryan cheered the roll-back as if Congress had cured him of zombie-ism and he could be a Real Boy, as Ayn Rand would want.

But the problem, of course, is that Paul Ryan is a BS artist. According to the F.D.I.C.,  the combined net income of the country’s commercial banks and savings institutions for the first quarter was up 27.5 percent from a year ago, hitting $56 billion.

So I guess those onerous regulations weren’t hurting the banks that much, huh?

Anyway, when the next banking collapse happens, Payola Paul won’t be in office to take the blame, so he’s got that working for himself.

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6 Responses to Breaking: Paul Ryan Lies Again

  1. ‘overregulation’…The delusion is real. Considering that US banks caused the financial crisis, you’d think that they’d have the common sense to not give them too much leeway, but nah. They’d rather take hefty lump sums instead, general public be damned.


  2. RWW says:

    Yep, there are hardly any “main street” banks left. The big Wall Street banks gobbled them all up in the run up to the big crash. Although it did a lot of good, Dodd-Frank didn’t solve the “too big-to-fail” problem. And now that problem will be that much worse when the next inevitable crash comes, thanks to the GOP.


    • And now that problem will be that much worse when the next inevitable crash comes, thanks to the GOP.

      Oh fear not, they will blame Democrats, oppose any fix and drag us even further into their dream world of neofeudalism.


  3. osirisopto says:

    Now we know which industry he’ll be lobbying for, first next year.


  4. suedoise2 says:

    Eschew banks. If possible, join a credit union.


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