Now I am sure that your mind stripped a gear. You have no idea what you are talking about, just blah, blah, blah. There is no point in debating with you because you don't know the facts and you just make shit up. You say anything you can think of that is derogatory toward republicans.

Frosty, I seriously think that you need to seek professional help. Seven more years of these obsessive delusions could be damaging to your health.

There has been no change in wall street regulation. The last change was in 1999 when Clinton repealed Glass-Steagall; and that led directly to the financial meltdown of 2008.

You mention, "keep more of their money" so you must only be talking about the tax gift..

The middle class gets a temporary tax cut. The rich tax cuts a permanent..

Payment for the gift to the rich must be paid for. that is why the middle class cuts are temporary..

No reason is the world why some of the cuts to the rich could not have been temporary.

That would have fulfilled the statutory requirements the Republicans used to justify the temporary cuts for the middle class.

Those cut will expire and the then high taxes on the middle class will be used to pay the cost of the rich tax gift.

https://www.theatlantic.com/business/archive/2017/04/trump-eo-dodd-frank/523968/

Trump Signs More Orders Targeting Wall Street Regulations
On Friday, the president called for a formal review of the panel that can deem banks “too big to fail.”

On Friday, President Donald Trump continued his efforts to scale back the Dodd-Frank Act, a sweeping piece of legislation from 2010 put in place in the wake of the financial crisis in hopes of curbing bad behavior on Wall Street. As he signed two memoranda targeting Dodd-Frank, Trump contended that the regulations put forward in the bill have “done really in many cases the opposite what they’re supposed to” and “encourage[d] risky behavior.”

Trump and Mnuchin have repeatedly vowed to roll back Dodd-Frank, both arguing that the regulation is too complicated and hampers banks’ borrowing and lending. Banks, for their part, have complained that the too-big-to-fail label’s strict capital requirements affects their ability to do business. The insurance company MetLife, for instance, sued the U.S. government last year to remove the designation; the case is currently in appeal and awaiting a decision. But Ben Bernanke, the former chairman of the Federal Reserve, has called the OLA an “essential tool” in preventing a financial crisis, and backed the appeal of the MetLife ruling that allowed the insurance company to shed its “too big to fail” label.

The Treasury’s findings could set the stage for an overhaul of at least some of the rules set by Dodd-Frank. This week, perhaps in anticipation, Republican lawmakers gave some indication of how they might replace the legislation when they unveiled a replacement plan for Dodd-Frank that would loosen many of the 2010 law’s provisions.



On March 7, 2018, the Senate passed a rollbank of rules in the Dodd-Frank Wall Street Reform Act. It loosened rules on banks from $50 billion to $250 billion in assets. These "small banks" include American Express, Ally Financial, and Barclays. They can no longer be considered "too big to fail." They don't have submit mortgage reports designed to reveal if they a re following fair-lending rules. Banks with less than $10 billion in assets don't have to comply with the Volcker Rule.


https://www.thebalance.com/dodd-frank-wall-street-reform-act-3305688------------Good article, follow the link and read all of it...


The Trump administration has been advocating changes since February 3, 2017. But Dodd-Frank probably can’t completely go away. That’s because hundreds of Dodd-Frank rules have been integrated into international banking agreements. But Republicans are loosening its regulations within the United States.

Trump claims Dodd-Frank keeps banks from lending more to small businesses. But the Act targets large banks. They have consolidated and grown since the 2008 financial crisis. Small businesses are more likely to borrow from small banks, not big banks. The biggest impediment to small banks is the low-interest rate climate that's prevailed since the financial crisis. It lowers their profitability.

Trump's cabinet members say that banks no longer need the extra rules and supervision. They argue that the banks have enough capital to withstand any crisis. But banks are only so well-capitalized because of Dodd-Frank.


Summary of the Act
The Dodd-Frank Wall Street Reform Act is a law that regulates the financial markets and protects consumers. Its eight components help prevent a repeat of the 2008 financial crisis.

It is the most comprehensive financial reform since the Glass-Steagall Act. Glass-Steagall regulated banks after the 1929 stock market crash.

The Gramm-Leach-Bliley Act repealed it in 1999. That allowed banks to once again invest depositors' funds in unregulated derivatives. This deregulation helped cause the 2008 financial crisis.

The Dodd-Frank Act is named after the two Congressmen who created it. Senator Chris Dodd introduced it March 15, 2010. On May 20, it passed the Senate. U.S. Representative Barney Frank revised it in the House, which approved it June 30. On July 21, 2010, President Obama signed the Act into law.

Eight Ways Dodd-Frank Makes Your World Safer and How Trump's Plan Changes That
1. Oversees Wall Street. The Financial Stability Oversight Council identifies risks that affect the entire financial industry. It also oversees financial firms other than banks, like hedge funds. It recommends that the Federal Reserve supervise any that gets