dtucker300 Loc: Vista, CA

Probably because he is growing soybeans. They make tofu which turns men into wusses. But the market will be down because of Trump putting tariffs on China. That's how China will hurt us???? Soybean boycott? The soybean growers are already pissed. Would be smarter to grown corn for ethanol subsidies. Then we should get rid of all subsidies. Nope, that won't happen because everyone in Congress scratches the other's back.

Cuda2020

If that's true, then why do you keep repeating they're coming to take your guns, trust me, they are not.

Radiance3

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You must be so guilty!

Cuda2020

Man, you have this all backwards The Dod-Frank act came about after the crash due to the unethical practices against naive first-time loaners or homebuyers, who were s**mmed and taken advantage of by their lender.

The Consumer Financial Protection Bureau (CFPB), established under Dodd-Frank, was given the job of preventing predatory mortgage lending (reflecting the widespread sentiment that the subprime mortgage market was the underlying cause of the 2008 catastrophe) and make it easier for consumers to understand the terms of a mortgage before agreeing to them.


The Dodd-Frank Wall Street Reform and Consumer Protection Act is a law that regulates the financial markets and protects consumers. It's the most comprehensive financial reform since the Glass-Steagall Act. Glass-Steagall regulated banks after the 1929 stock market crash.

Under Dodd-Frank, the Financial Stability Oversight Council and Orderly Liquidation Authority monitor the financial stability of major financial firms whose failure could have a serious negative impact on the U.S. economy (companies deemed "too big to fail"). The law also provides for liquidations or restructurings via the Orderly Liquidation Fund, established to assist with the dismantling of financial companies that have been placed in receivership and prevent tax dollars from being used to prop up such firms.

The council has the authority to break up banks that are considered so large as to pose a systemic risk; it can also force them to increase their reserve requirements.

Another key component of Dodd-Frank, the Volcker Rule, restricts the ways banks can invest, limiting speculative trading and eliminating proprietary trading. Banks are not allowed to be involved with hedge funds or private equity firms, which are considered too risky. In an effort to minimize possible conflict of interests, financial firms are not allowed to trade proprietarily without sufficient "skin in the game." The Volcker Rule is clearly a push back in the direction of the Glass-Steagall Act of 1933, which first recognized the inherent dangers of financial entities extending commercial and investment banking services at the same time.

Which now btw has been overturned by Trump. Trump has left us less protected once again, just as he's done with the EPA and the food and drug administration.

https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp

Cuda2020

go back and read your posts, it's all there.

Radiance3

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You are hallucinating!