fullspinzoo

Lonewolf

Looks like the republicans are getting their ducks in a row so they can once again cause the banks to fail and cause another recession .



quote=fullspinzoo]https://conservativetribune.com/republicans-took-shredder-to-obamas-accomplishments/?ff_source=Email[/quote]

jack sequim wa Loc: Blanchard, Idaho

God bless and protect President Trump.

This regulation poured out like heaping coals on businesses already struggling from the recession, now added cost of legal experts to wade through how it differes and/or applies how? From one business to another.

Initially with its complexities, this bill stopped lending in its tracks for home loans, auto, RV, Boat, personal and business loans.
Banks were very nervous lending during this trap for banks. Of course only Obama and liberals /progressives would roll out business k*****g EO's and legislation while businesses were h*****g by a thread to survive the 08/09 crash.
Thus and other Obama policies and agendas caused for the first time in history of America, more businesses to close than open during both his terms.

fullspinzoo

I remember Dodd-Frank not being business friendly from what I could gather. I remember the poster boy for Swishes Anonymous coming on O'Reilly and Bill (tearing him a new one if it hadn't happened already). Pretty funny but Bill called him every name in the book including "coward".

jack sequim wa Loc: Blanchard, Idaho

As an example, Auto dealers were struggling to keep their doors open. Remember the auto bail outs?
Dodd Frank put the same burden on auto dealers for compliance as they did the banks, thus requiring dealers to spend tens of thousands of dollars on attorneys versed in Dodd Frank regulations.
Then to add more salt to the wound, banks were afraid to lend fearing the wrath of Dodd Frank lending regulations that could result in hundreds of thousands of dollars in fines and/or losing their license to lend. Result, dealers sold less cars when they already were h*****g by a thread.
Next the straw that broke dealers backs.
Dealers pay a percentage of the new car invoice (1.5%-5%) which is termed flooring. They have banks lend them money to floor their cars (flooring expense) and each month the vehicle is in the dealers inventory they pay the bank the flooring expense (actually the bank owns dealers inventory of cars) until the car sells. Flooring generally begins first most dealers 30 days from the day they receive the new car, thus a dealers motivation to move inventory quickly to reduce their flooring expenses.
With DODD FRANK, banks stop flooring cars with dealers that were struggling to protect themselves from dealers defaulting of the flooring. This instantly put dealers out of business. To the tune of 2800 new car dealers nationwide. That's tens of thousands of mechanics out of jobs, thousands of parts department staff, thousands of office staff, thousands of sales staff, and their incomes supporting nearby businesses that caused them to close their doors, trucking companies and truckers that t***sport the cars to dealers, parts suppliers to dealers. Dealers are one of the largest tax revenues for cities. We'll over a million plus jobs lost and that's just considering the car business because of Dodd Frank. In total it is estimated Dodd frank cost easily 3.5-5 million jobs.
But dipstick liberals are pissed that the Trump administration is "Putting Americans First" and reversing American business /job k*****g regulations that Obama celebrated as another nail in the coffin to bring America down.

Thank God, for President Trump (literally)
We have many more American k*****g liberal /progressive policies to reverse and destroy.