Trump Sets The Table For Another Crash, Bank Bailouts
Less bank rules mean more bank crashes. Cenk Uygur, host of The Young Turks, breaks it down. To get even more TYT in your life, go to https://TYT.com/app ...
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NEW INFORMATION COMING FROM DODD-FRANK REGULATIONS. NOW WHAT DOES IT DO? IT RAISES THE THRESHOLD TO $250 BILLION OF FROM $50 BILLION UNDER WHICH BANKS ARE DEEMED TOO IMPORTANT TO THE FINANCIAL SYSTEM TO FAIL, SO THOSE INSTITUTIONS ALSO WOULD NOT HAVE TO UNDERGO STRESS TESTS OR SUBMIT SO-CALLED LIVING WILLS. BOTH SAFETY VALVES THAT WERE PLANNED FOR FINANCIAL DISASTER, SO THE SMALLER THE BANK IS, THE LESS IT HAS TO COMPLY WITH THESE REGULATIONS SO THE REGULATIONS DON'T NECESSARILY APPLY TO THEM AND ESSENTIALLY WHAT HAS HAPPENED NOW WITH BIPARTISAN SUPPORT IS THAT SOME OF THESE REGULATIONS WOULD BE LIFTED FOR MIDSIZED BANKS. THE WAY OUR POLITICIANS ARE SELLING IT TO US IS THIS IS GOING TO HELP THE SMALL BANKS, THE COMMUNITY BANKS. NO, THIS IS REALLY ABOUT MIDSIZED BANKS THAT DID NOT W...
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NEW INFORMATION COMING FROM DODD-FRANK REGULATIONS. NOW WHAT DOES IT DO? IT RAISES THE THRESHOLD TO $250 BILLION OF FROM $50 BILLION UNDER WHICH BANKS ARE DEEMED TOO IMPORTANT TO THE FINANCIAL SYSTEM TO FAIL, SO THOSE INSTITUTIONS ALSO WOULD NOT HAVE TO UNDERGO STRESS TESTS OR SUBMIT SO-CALLED LIVING WILLS. BOTH SAFETY VALVES THAT WERE PLANNED FOR FINANCIAL DISASTER, SO THE SMALLER THE BANK IS, THE LESS IT HAS TO COMPLY WITH THESE REGULATIONS SO THE REGULATIONS DON'T NECESSARILY APPLY TO THEM AND ESSENTIALLY WHAT HAS HAPPENED NOW WITH BIPARTISAN SUPPORT IS THAT SOME OF THESE REGULATIONS WOULD BE LIFTED FOR MIDSIZED BANKS. THE WAY OUR POLITICIANS ARE SELLING IT TO US IS THIS IS GOING TO HELP THE SMALL BANKS, THE COMMUNITY BANKS. NO, THIS IS REALLY ABOUT MIDSIZED BANKS THAT DID NOT W...
