Thursday, May 24, 2018

Legislate. Repeal. Fail. Repeat.

On Dodd Frank Wall Street Reform and Consumer Protection Act

Remember the repeal of Glass-Steagall Act in the late 1990s? It was said that law inhibited the efficiency of financial market and credit flow. Just a decade later we have the 100-year-financial-flood and tsunami in our life time.

Now just a decade after that financial crisis, Dodd-Frank rollback and Volker Ruler repeal have the majority support of the Congress.

Most of the Congressmen are servants of the mega banks. That is a fact.

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