Dodd Frank goes by by

[MyLadiesDaddy]

OMG!!!!!!!

It was just announced on the radio news that at this time president Donald Trump is about to sign an executive order repealing the Dodd-Frank Act. I put this in dinar news because this will greatly affect those of us that are VIP and have chosen to take the necessary measures to protect ourselves from such things as the Dodd-Frank Act. For those of us that are VIP this is a huge Victory I'm jumping up and down hooray.

Edited February 3, 2017 by ladyGrace'sDaddy

[Boozer]

If Memory serves me Obama signed this back in 2010 from the crisis in 2008, something about Wall Street. never really understood it..

[pokerplayer]

What is the Dodd-Frank act ? Sorry but I have never heard of it.

pp

[bostonangler]

6 minutes ago, Boozer said:

If Memory serves me Obama signed this back in 2010 from the crisis in 2008, something about Wall Street. never really understood it..

 

2 minutes ago, pokerplayer said:

What is the Dodd-Frank act ? Sorry but I have never heard of it.

pp

 

What is the 'Dodd-Frank Wall Street Reform and Consumer Protection Act '

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation passed by the Obama administration in 2010 as a response to the financial crisis of 2008. Named after sponsors U.S. Senator Christopher J. Dodd and U.S. Representative Barney Frank, the act's numerous provisions, spelled out over roughly 2,300 pages, are being implemented over a period of several years and are intended to decrease various risks in the U.S. financial system. The act established a number of new government agencies tasked with overseeing various components of the act and by extension various aspects of the banking system. President Donald Trump has pledged to repeal Dodd-Frank. 

BREAKING DOWN 'Dodd-Frank Wall Street Reform and Consumer Protection Act '

The Financial Stability Oversight Council and Orderly Liquidation Authority monitors the financial stability of major firms whose failure could have a major negative impact on the economy (companies deemed "too big to fail"). It also provides for liquidations or restructurings via the Orderly Liquidation Fund, which provides money to assist with the dismantling of financial companies that have been placed in receivership, and prevents tax dollars from being used to prop up such firms. The council has the authority to break up banks that are considered to be so large as to pose a systemic risk; it can also force them to increase their reserve requirements. Similarly, the new Federal Insurance Office is supposed to identify and monitor insurance companies considered "too big to fail."

The Consumer Financial Protection Bureau (CFPB) is supposed to prevent 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 finalizing the paperwork. It prevents mortgage brokers from earning higher commissions for closing loans with higher fees and/or higher interest rates, and says that mortgage originators cannot steer potential borrowers to the loan that will result in the highest payment for the originator.

The CFPB also governs other types of consumer lending, including credit and debit cards, and addresses consumer complaints. It requires lenders, excluding automobile lenders, to disclose information in a form that is easy for consumers to read and understand; an example is the simplified terms you'll find on credit card applications.

A key component of Dodd-Frank, the Volcker Rule (Title VI of the Act), restricts the ways banks can invest, limiting speculative trading and eliminating proprietary trading. Effectively separating the investment and commercial functions of a bank, the Volcker Rule strongly curtails an institution’s ability to employ risk-on trading techniques and strategies when also servicing clients as a depository. Banks are not allowed to be involved with hedge funds or private equity firms, as these kinds of businesses 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 – a law that first recognized the inherent dangers of financial entities extending commercial and investment banking services at the same time.

The act also contains a provision for regulating derivatives such as the credit default swaps that were widely blamed for contributing to the 2008 financial crisis. Because these exotic financial derivatives were traded over the counter, as opposed to centralized exchanges as stocks and commodities are, many were unaware of the size of their market and the risk they posed to the greater economy.

Dodd-Frank set up centralized exchanges for swaps trading to reduce the possibility of counterparty default and also required greater disclosure of swaps trading information to the public to increase transparency in those markets. The Volcker Rule also regulates financial firms' use of derivatives in an attempt to prevent "too-big-to-fail" institutions from taking large risks that might wreak havoc on the broader economy.

Dodd-Frank also established the SEC Office of Credit Ratings, since credit rating agencies were accused of giving misleadingly favorable investment ratings that contributed to the financial crisis. The office is tasked with ensuring that agencies improve their accuracy and provide meaningful and reliable credit ratings of the businesses, municipalities and other entities they evaluate.

Aiding Whistleblowers

Dodd-Frank strengthened and expanded the existing whistleblower program promulgated by the Sarbanes-Oxley Act (SOX). Specifically, the Act:

• established a mandatory bounty program under which whistleblowers can receive from 10 to 30% of the proceeds from a litigation settlement
• broadened the scope of covered employee by including employees of the company as well as its subsidiaries and affiliates
• extended the statute of limitations under which a whistleblower can bring forward a claim against his employer from 90 to 180 days after a violation is discovered

Criticism of Dodd-Frank

Proponents of Dodd-Frank believe the act will prevent our economy from experiencing a crisis like that of 2008 and protect consumers from many of the abuses that contributed to that crisis. Unfortunately, limiting the risks that a financial firm is able to take simultaneously decreases its profit-making ability. Detractors believe the bill could harm the competitiveness of U.S. firms relative to their foreign counterparts. In particular, the need to maintain regulatory compliance, they feel, unduly burdens community banks and smaller financial institutions — despite the fact that they played no part in the recession.

Such financial-world notables as former Treasury Secretary Larry Summers, Blackstone Group L.P. (BX) CEO Stephen Schwarzman, activist Carl Icahn and JPMorgan Chase & Co. (JPM) CEO Jamie Dimon also argue that, while each individual institution is undoubtedly safer due to capital constraints imposed by Dodd-Frank, these constraints make for a more illiquid market overall. The lack of liquidity can be especially potent in the bond market, where all securities are not mark-to-market and many bonds lack a constant supply of buyers and sellers.

The higher reserve requirements under Dodd-Frank mean banks must hold a higher percentage of their assets in cash, which decreases the amount they are able to hold in marketable securities. In effect, this limits the bond market-making role that banks have traditionally undertaken. With banks unable to play the part of market maker, prospective buyers will have a harder time finding counteracting sellers, but, more importantly, prospective sellers will find it more difficult to find counteracting buyers.

Critics believe the act will ultimately hurt economic growth. If this criticism proves true, the act could affect Americans in the form of higher unemployment, lower wages and slower increases in wealth and living standards. Meanwhile, it will cost money to operate all these new agencies and enforce all these new rules — over 225 new rules across a total of 11 federal agencies, to be exact — and that money will come from taxpayers.

Read more: Dodd-Frank Wall Street Reform and Consumer Protection Act Definition | Investopedia http://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp#ixzz4XeDRW6Y9
 

[pokerplayer]

Thxs BA

pp

[Half Crazy Runner]

31 minutes ago, bostonangler said:

 

 

What is the 'Dodd-Frank Wall Street Reform and Consumer Protection Act '

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation passed by the Obama administration in 2010 as a response to the financial crisis of 2008. Named after sponsors U.S. Senator Christopher J. Dodd and U.S. Representative Barney Frank, the act's numerous provisions, spelled out over roughly 2,300 pages, are being implemented over a period of several years and are intended to decrease various risks in the U.S. financial system. The act established a number of new government agencies tasked with overseeing various components of the act and by extension various aspects of the banking system. President Donald Trump has pledged to repeal Dodd-Frank. 

BREAKING DOWN 'Dodd-Frank Wall Street Reform and Consumer Protection Act '

The Financial Stability Oversight Council and Orderly Liquidation Authority monitors the financial stability of major firms whose failure could have a major negative impact on the economy (companies deemed "too big to fail"). It also provides for liquidations or restructurings via the Orderly Liquidation Fund, which provides money to assist with the dismantling of financial companies that have been placed in receivership, and prevents tax dollars from being used to prop up such firms. The council has the authority to break up banks that are considered to be so large as to pose a systemic risk; it can also force them to increase their reserve requirements. Similarly, the new Federal Insurance Office is supposed to identify and monitor insurance companies considered "too big to fail."

The Consumer Financial Protection Bureau (CFPB) is supposed to prevent 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 finalizing the paperwork. It prevents mortgage brokers from earning higher commissions for closing loans with higher fees and/or higher interest rates, and says that mortgage originators cannot steer potential borrowers to the loan that will result in the highest payment for the originator.

The CFPB also governs other types of consumer lending, including credit and debit cards, and addresses consumer complaints. It requires lenders, excluding automobile lenders, to disclose information in a form that is easy for consumers to read and understand; an example is the simplified terms you'll find on credit card applications.

A key component of Dodd-Frank, the Volcker Rule (Title VI of the Act), restricts the ways banks can invest, limiting speculative trading and eliminating proprietary trading. Effectively separating the investment and commercial functions of a bank, the Volcker Rule strongly curtails an institution’s ability to employ risk-on trading techniques and strategies when also servicing clients as a depository. Banks are not allowed to be involved with hedge funds or private equity firms, as these kinds of businesses 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 – a law that first recognized the inherent dangers of financial entities extending commercial and investment banking services at the same time.

The act also contains a provision for regulating derivatives such as the credit default swaps that were widely blamed for contributing to the 2008 financial crisis. Because these exotic financial derivatives were traded over the counter, as opposed to centralized exchanges as stocks and commodities are, many were unaware of the size of their market and the risk they posed to the greater economy.

Dodd-Frank set up centralized exchanges for swaps trading to reduce the possibility of counterparty default and also required greater disclosure of swaps trading information to the public to increase transparency in those markets. The Volcker Rule also regulates financial firms' use of derivatives in an attempt to prevent "too-big-to-fail" institutions from taking large risks that might wreak havoc on the broader economy.

Dodd-Frank also established the SEC Office of Credit Ratings, since credit rating agencies were accused of giving misleadingly favorable investment ratings that contributed to the financial crisis. The office is tasked with ensuring that agencies improve their accuracy and provide meaningful and reliable credit ratings of the businesses, municipalities and other entities they evaluate.

Aiding Whistleblowers

Dodd-Frank strengthened and expanded the existing whistleblower program promulgated by the Sarbanes-Oxley Act (SOX). Specifically, the Act:

• established a mandatory bounty program under which whistleblowers can receive from 10 to 30% of the proceeds from a litigation settlement
• broadened the scope of covered employee by including employees of the company as well as its subsidiaries and affiliates
• extended the statute of limitations under which a whistleblower can bring forward a claim against his employer from 90 to 180 days after a violation is discovered

Criticism of Dodd-Frank

Proponents of Dodd-Frank believe the act will prevent our economy from experiencing a crisis like that of 2008 and protect consumers from many of the abuses that contributed to that crisis. Unfortunately, limiting the risks that a financial firm is able to take simultaneously decreases its profit-making ability. Detractors believe the bill could harm the competitiveness of U.S. firms relative to their foreign counterparts. In particular, the need to maintain regulatory compliance, they feel, unduly burdens community banks and smaller financial institutions — despite the fact that they played no part in the recession.

Such financial-world notables as former Treasury Secretary Larry Summers, Blackstone Group L.P. (BX) CEO Stephen Schwarzman, activist Carl Icahn and JPMorgan Chase & Co. (JPM) CEO Jamie Dimon also argue that, while each individual institution is undoubtedly safer due to capital constraints imposed by Dodd-Frank, these constraints make for a more illiquid market overall. The lack of liquidity can be especially potent in the bond market, where all securities are not mark-to-market and many bonds lack a constant supply of buyers and sellers.

The higher reserve requirements under Dodd-Frank mean banks must hold a higher percentage of their assets in cash, which decreases the amount they are able to hold in marketable securities. In effect, this limits the bond market-making role that banks have traditionally undertaken. With banks unable to play the part of market maker, prospective buyers will have a harder time finding counteracting sellers, but, more importantly, prospective sellers will find it more difficult to find counteracting buyers.

Critics believe the act will ultimately hurt economic growth. If this criticism proves true, the act could affect Americans in the form of higher unemployment, lower wages and slower increases in wealth and living standards. Meanwhile, it will cost money to operate all these new agencies and enforce all these new rules — over 225 new rules across a total of 11 federal agencies, to be exact — and that money will come from taxpayers.

Read more: Dodd-Frank Wall Street Reform and Consumer Protection Act Definition | Investopedia http://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp#ixzz4XeDRW6Y9
 

Thanks bostonangler for the info! But I'm afraid I'm going to need the Dodd-Frank for Dummies version, as I'm currently coming out of anesthesia from a minor medical procedure this morning 😆 Still a bit foggy in the brain ..

[SgtFuryUSCZ]

Good riddance. And good riddance, too, to all those FAKE jobs it created.

Talk about top-heavy gubment waste.... 11 agencies...?!

Maybe now banks won't be forced to make ridiculous loans to unqualified people who can't pay it back just to fill quotas demanded by

kommie-loving administrations who promise to forgive them all and stick US Taxpayers with the bill in the end !

[yota691]

GMT 4:45 2017 Saturday, February 4 : Latest Update

Trump issued an executive order to review the organization of the work of the Banking Law

Me. Me. CNN.

 

 

 

Trump described earlier in the Dodd-Frank Act by the disaster

The oldest US president Donald Trump on his first step in trying to reduce the regulation of financial services in the United States.

It has signed an executive order to reconsider the financial systems Act of 2010, known as the Dodd-Frank, which is considered by some on Wall Street too restrictive.

This law was issued in the wake of the 2008 and 2009 financial crisis in order to avoid another financial crisis.

Trump said in the past week, "Dodd-Frank catastrophe," adding, "We are going to do a review of the Dodd-Frank."

Trump has vowed to work to repeal and replace Dodd-Frank, which also established the Consumer Financial Protection Bureau of Law (CFPB).

This US government agency seeks to make sure that banks and lenders and other financial companies treat consumers in the United States fairly.

The work of the Dodd-Frank, who bore my name American Organic Act of Parliament (Congress) which they had been campaigning for this legislation to rein in risky practices risky by banks and other financial companies.

He said Democratic Congressman Jim Heems told the BBC, "the law of the Dodd-Frank legislative response to the economic carnage caused by the financial crisis in late 2008".

Good move, bad move

But officials in Trump's management said that the Dodd-Frank did not achieve the goal of it, pointing out that an example of excessive government control.

The news led the impending revision to raise the banks share prices on Wall Street and major stock markets in Europe. Shares of Goldman Sachs and JP Morgan rose 4 percent and 3 percent respectively.

Said Gary Cohen, Trump consultant who was a former executive at Goldman Sachs, told the Wall Street Journal, "Banks will be able to Tsaiar their products more efficiently and more effectively to consumers."

Gaspar said Lawler, market analyst at London Capital Group "to get rid of part of the Dodd-Frank Act is a good thing because it will allow smaller banks to compete, and offer competitive prices to consumers."

But he said the cancellation of Dodd-Frank Act, "the entire system at risk of recurrence of the 2008 crisis."

Bear said Minister Bulent financial stability in Sweden, told Swedish news agency TT that the abolition of this law would be a "dangerous and harmful and very unfortunate."

[umbertino]

Trump orders Dodd-Frank review in effort to roll back financial regulation

President says bill meant to prevent another financial crisis is crippling the economy as critics charge that Trump is caving in to Wall Street

 

Dominic Rushe

Friday 3 February 2017 18.45 GMT

President Trump said during the signing of the order: ‘We expect to be cutting a lot out of Dodd-Frank.’

Photograph: Pablo Martinez Monsivais/AP

 

https://www.theguardian.com/us-news/2017/feb/03/trump-dodd-frank-act-executive-order-financial-regulations

 

[SgtFuryUSCZ]

Get used to it umbertino --- President Trump is going to be un-doing quite a bit of your comrades' evil deeds here !

SUCKIT KOMMIES ! ... your red tide is now an OUT-GOING TIDE !     Adios suckahs !

[MyLadiesDaddy]

5 hours ago, yota691 said:

GMT 4:45 2017 Saturday, February 4 : Latest Update

Trump issued an executive order to review the organization of the work of the Banking Law

Thank you Master Yota, had a really long day at work yesterday{16 hrs} and couldn't get this correction in. I did hear Rush Limbaugh explain it as the review of the law. Guess that is the parliamentary procedure setting it up for the repeal by Executive order.  That goes to what I am now seeing in President Trump. He seems to be a stickler for doing things legal like. That is really gonna put the screws to the likes of McCain and UpChuck U Schummer when it comes to their impeachment plans. What I'm really going to like watching is when President Trump goes after them and other traitors with the Attorney Generals office for crimes against the Constitution. Which is EXACTLY why everyone in Washington is running so scared now.   

[easterlily]

A better protection for our banking sector is to audit and eliminate the Federal Reserve.

[bostonangler]

Who let the dogs out??? These laws were put in place because the banksters were ripping off the American middle class. You better take all your money in retirement accounts and buy gold... Most people do not know how to overhaul a transmission and most do not understand the world of investing or finances and need professional help. Can you say Enron? Bernie Madoff? Can you say financial meltdown of 2007? Letting Wall Street off the leash is insane if you want to help the middle class...

Forget MAGA

It is now MWSGA

 

B/A

[yota691]

Trump's management was reviewing the organization of the work of the Banking Law

 

 

5/2/2017 0:00  London / BBC  oldest US president Donald Trump on his first step in trying to reduce the regulation of financial services in the United States.  It has signed an executive order to reconsider the financial systems Act of 2010, known as the Dodd-Frank, which was prepared by some on Wall Street, a severe restriction.  This law was issued in the wake of the 2008 and 2009 financial crisis in order to avoid another financial crisis.  Trump said last week: " The Dodd-Frank catastrophe," adding , "We are going to do a review of the Dodd-Frank."  Trump has vowed to work to repeal and replace Dodd-Frank, which also established the Consumer Financial Protection Bureau of Law (CFPB).  This US government agency seeks to make sure that banks and lenders and other financial companies treat consumers in the United States fairly.  The work of the Dodd-Frank, who bore my name American Organic Act of Parliament (Congress) which they had been campaigning for this legislation to rein in risky practices risky by banks and other financial companies.  He said Democratic Congressman Jim Heems told the BBC: "the law of the Dodd-Frank legislative response to the economic carnage caused by the financial crisis in late 2008."  But officials in the administration Trump said: " The Dodd-Frank" did not achieve the goal of it, pointing out that an example of excessive government control.  The news led the impending revision to raise the banks share prices on Wall Street and the major stock markets in Europe. Shares of Goldman Sachs and JP Morgan 4 and 3 percent have risen respectively.  He said Gary Cohen, Trump consultant who was a former executive at Goldman Sachs, told the Wall Street Journal: "Banks will be able to their products more efficiently and more effective pricing   for consumers."

[bostonangler]

Wait until you see their profits next year. The law did have successes that all of us need to understand.

https://newrepublic.com/article/118814/dodd-frank-reforms-are-finally-paying

[MyLadiesDaddy]

1 hour ago, bostonangler said:

Who let the dogs out??? These laws were put in place because the banksters were ripping off the American middle class. You better take all your money in retirement accounts and buy gold... Most people do not know how to overhaul a transmission and most do not understand the world of investing or finances and need professional help. Can you say Enron? Bernie Madoff? Can you say financial meltdown of 2007? Letting Wall Street off the leash is insane if you want to help the middle class...

Forget MAGA

It is now MWSGA

 

B/A

Nope! but I most certainly can say,"quantitative easing", which was the U.S. Gov printing trillions of dollars and flooding those dollars into the stock market so thieves can have an awesome portfolio claiming what a genius Obutface was.  And for those that are so shallow minded as to think that President Trump is going to crash the stock market I ask you, what do ya think is going to happen to your portfolio when President Trump wipes out almost all of Obuthead's 9 trillion debt in one day? You have got to be a fool to not see what is coming. Think dinar. And the fact that according to the Times we seem to have bought trillions as a nation in the beginning. For you B/A I would say take your eyes off of your portfolio and look to Jesus a little more. Then you will begin to understand that God has a plan and that we are smack in the middle of it. 

[bostonangler]

12 hours ago, ladyGrace'sDaddy said:

Nope! but I most certainly can say,"quantitative easing", which was the U.S. Gov printing trillions of dollars and flooding those dollars into the stock market so thieves can have an awesome portfolio claiming what a genius Obutface was.  And for those that are so shallow minded as to think that President Trump is going to crash the stock market I ask you, what do ya think is going to happen to your portfolio when President Trump wipes out almost all of Obuthead's 9 trillion debt in one day? You have got to be a fool to not see what is coming. Think dinar. And the fact that according to the Times we seem to have bought trillions as a nation in the beginning. For you B/A I would say take your eyes off ofyour portfolio and look to Jesus a little more. Then you will begin to understand that God has a plan and that we are smack in the middle ofit. 

Ya know I've created an online trading platform account and I've been watching several stocks before I actually invest a little money. Since you brought this one up I've been watching and to be honest I'm quite impressed with your initial assumption. I wanted to ask you to post more of your penny stock thoughts or PM me with them, whatever you wish. Your stock has far outpaced the ones that I choose on my own. But then again I am extremely new to this game. Thanks for your insite. 

 

Sorry but you are a poser. You call me shallow because I invest for my families future. But I found you discussing penny stocks in that topic. You were looking at one of the biggest pump and dump stocks out there WPX. Personally I would suggest you stay away from WPX, but that is simply my opinion. I did post a look at their earnings and debt to help you understand. I also read you were researching tech stocks. Those are the companies that are abusing Americans by taking jobs and tax money off-shore. By investing in them you would be going against everything Trumps says about MAGA... Now who's shallow?

As for my portfolio, I'm good. I've moved from stocks to bonds and metals. The market growth has been astronomical over the last few years. Trump or no Trump the market is cyclical. When it does go back down to 12,000 or 15,000 I will be buying stocks again.

I will tell you I just cashed out SING for a 134% profit. I could hold because some say it will keep going up, but I learned long ago take your profit. Any profit is better than a loss. Again JMHO

 

B/A 

[Indraman]

Let me summarize why this act came about:

1) US government insures financial deposits (removed risk reward benefits for most major banks)

2) US government wants all Americans to own homes and passes laws mandating low-income, high-risk loans (all under the guise of civil rights and non-discrimination goals)

3) Banks and securities institutions know many of these new loans are junk, and begin bundling with other securities to reduce risk and in some cases, sale to other unsuspecting institutions.

4) Real Estate market prices inflate due to new demand for housing because of all the new people entering marketplace.

5) Market was sustainable only as long as real estate prices moved higher; as soon as prices peaked and began going down, everything collapsed.

6) Dodd-Frank is enacted because as you know, the government should never let a good crisis go to waiste.

This is another example of Big Government creating policy that creates a crisis, and then the same people who created the problem in the first place, step back in to say they need to implement additional policy to fix it.

Wake up people...It is time that we run Big Government supporters out of DC and back to the unemployment lines, where they belong.

Indy

[Jaxinjersey]

13 minutes ago, Indraman said:

Let me summarize why this act came about:

1) US government insures financial deposits (removed risk reward benefits for most major banks)

2) US government wants all Americans to own homes and passes laws mandating low-income, high-risk loans (all under the guise of civil rights and non-discrimination goals)

3) Banks and securities institutions know many of these new loans are junk, and begin bundling with other securities to reduce risk and in some cases, sale to other unsuspecting institutions.

4) Real Estate market prices inflate due to new demand for housing because of all the new people entering marketplace.

5) Market was sustainable only as long as real estate prices moved higher; as soon as prices peaked and began going down, everything collapsed.

6) Dodd-Frank is enacted because as you know, the government should never let a good crisis go to waiste.

This is another example of Big Government creating policy that creates a crisis, and then the same people who created the problem in the first place, step back in to say they need to implement additional policy to fix it.

Wake up people...It is time that we run Big Government supporters out of DC and back to the unemployment lines, where they belong.

Indy

Thanks Indy!  That's how most people that understand the bad policy (Law) view it.

Sub-Prime Loans and Predatory Lenders... formula for collapse and disaster... legislated, regulated, and propagated by the government.  Abused by the Financial Institutions... partly because they were afraid of the fines they'd face if they didn't lend as DICTATED and IMPOSED upon them.

[Indraman]

1 minute ago, Jaxinjersey said:

Thanks Indy!  That's how most people that understand the bad policy (Law) view it.

Sub-Prime Loans and Predatory Lenders... formula for collapse and disaster... legislated, regulated, and propagated by the government.  Abused by the Financial Institutions... partly because they were afraid of the fines they'd face if they didn't lend as DICTATED and IMPOSED upon them.

Exactly! And don't forget about Federal Insurance for deposit...this removed banking risk for consumers, but by default, financial institutions as well. This promoted a behavior by the banks that would not have been the same if the Federal Deposit Insurance had not been in place.

Indy

Edited February 5, 2017 by Indraman

[MyLadiesDaddy]

1 hour ago, bostonangler said:

Ya know I've created an online trading platform account and I've been watching several stocks before I actually invest a little money. Since you brought this one up I've been watching and to be honest I'm quite impressed with your initial assumption. I wanted to ask you to post more of your penny stock thoughts or PM me with them, whatever you wish. Your stock has far outpaced the ones that I choose on my own. But then again I am extremely new to this game. Thanks for your insite. 

 

Sorry but you are a poser. You call me shallow because I invest for my families future. But I found you discussing penny stocks in that topic. You were looking at one of the biggest pump and dump stocks out there WPX. Personally I would suggest you stay away from WPX, but that is simply my opinion. I did post a look at their earnings and debt to help you understand. I also read you were researching tech stocks. Those are the companies that are abusing Americans by taking jobs and tax money off-shore. By investing in them you would be going against everything Trumps says about MAGA... Now who's shallow?

As for my portfolio, I'm good. I've moved from stocks to bonds and metals. The market growth has been astronomical over the last few years. Trump or no Trump the market is cyclical. When it does go back down to 12,000 or 15,000 I will be buying stocks again.

I will tell you I just cashed out SING for a 134% profit. I could hold because some say it will keep going up, but I learned long ago take your profit. Any profit is better than a loss. Again JMHO

 

B/A 

You're the poser, simply because you can't make a decision about anything but your wealth. Your entire post proves my whole point about your shallowness. You see me considering certain stocks and equate that to me doing the same kind of thing that you do. If I invest in the stock market it won't be the center of my life, it will simply be just another part. But for you every decision that you make is founded in your portfolio growth. That is SHALLOWNESS in a nutshell. You even go as far as to base you political views on your portfolio, when they have little to do with each other. You have no foundation but money, and that is nothing but paper, and certain rocks if you own metals. I have my foundation in God, and I will take that over all the wealth of the world in a second. In the end you and your wealth will die and all your fancy toys will end up an old tattered heap in some junk yard. Your family will move on without you and most likely die without the Lord too because all you cared about was you portfolio. Your name will be forgotten in short order. I on the other hand will walk on streets of gold and live in buildings made of fine jewels. My family will most likely follow the path that I've shown them for many generations, and the Lord will make me his bride. I don't tell you these things to insult you I tell you these things because you're in dire need of a dose of reality. 

[easterlily]

22 hours ago, easterlily said:

A better protection for our banking sector is to audit and eliminate the Federal Reserve.

I support reinstating the Glass-Steigal act aka The Banking act of 1933. This law was enacted to protect another bank failure similar to1929. It was dismantled in the late 80s/early 90s, and caused the crash in 2008. Check your bank to see how many derivatives they have on their books. As a depositor you are considered a creditor should the bank fail. It's called a bank bail in, it has happened in Greece and could happen to us. Your money isn't safe. Don't  be fooled by FDIC, it's pretty insolvent. 

 

[bostonangler]

Good post easterlilly

 

B/A

[bostonangler]

5 hours ago, ladyGrace'sDaddy said:

You're the poser, simply because you can't make a decision about anything but your wealth. Your entire post proves my whole point about your shallowness. You see me considering certain stocks and equate that to me doing the same kind of thing that you do. If I invest in the stock market it won't be the center of my life, it will simply be just another part. But for you every decision that you make is founded in your portfolio growth. That is SHALLOWNESS in a nutshell. You even go as far as to base you political views on your portfolio, when they have little to do with each other. You have no foundation but money, and that is nothing but paper, and certain rocks if you own metals. I have my foundation in God, and I will take that over all the wealth of the world in a second. In the end you and your wealth will die and all your fancy toys will end up an old tattered heap in some junk yard. Your family will move on without you and most likely die without the Lord too because all you cared about was you portfolio. Your name will be forgotten in short order. I on the other hand will walk on streets of gold and live in buildings made of fine jewels. My family will most likely follow the path that I've shown them for many generations, and the Lord will make me his bride. I don't tell you these things to insult you I tell you these things because you're in dire need of a dose of reality. 

Reality? That may be the funniest thing I've read today...

 

B/A

[patrickgold]

On ‎2‎/‎4‎/‎2017 at 3:27 AM, yota691 said:

GMT 4:45 2017 Saturday, February 4 : Latest Update

Trump issued an executive order to review the organization of the work of the Banking Law

Me. Me. CNN.

 

 

 

 

Trump described earlier in the Dodd-Frank Act by the disaster

The oldest US president Donald Trump on his first step in trying to reduce the regulation of financial services in the United States.

It has signed an executive order to reconsider the financial systems Act of 2010, known as the Dodd-Frank, which is considered by some on Wall Street too restrictive.

This law was issued in the wake of the 2008 and 2009 financial crisis in order to avoid another financial crisis.

Trump said in the past week, "Dodd-Frank catastrophe," adding, "We are going to do a review of the Dodd-Frank."

Trump has vowed to work to repeal and replace Dodd-Frank, which also established the Consumer Financial Protection Bureau of Law (CFPB).

This US government agency seeks to make sure that banks and lenders and other financial companies treat consumers in the United States fairly.

The work of the Dodd-Frank, who bore my name American Organic Act of Parliament (Congress) which they had been campaigning for this legislation to rein in risky practices risky by banks and other financial companies.

He said Democratic Congressman Jim Heems told the BBC, "the law of the Dodd-Frank legislative response to the economic carnage caused by the financial crisis in late 2008".

Good move, bad move

But officials in Trump's management said that the Dodd-Frank did not achieve the goal of it, pointing out that an example of excessive government control.

The news led the impending revision to raise the banks share prices on Wall Street and major stock markets in Europe. Shares of Goldman Sachs and JP Morgan rose 4 percent and 3 percent respectively.

Said Gary Cohen, Trump consultant who was a former executive at Goldman Sachs, told the Wall Street Journal, "Banks will be able to Tsaiar their products more efficiently and more effectively to consumers."

Gaspar said Lawler, market analyst at London Capital Group "to get rid of part of the Dodd-Frank Act is a good thing because it will allow smaller banks to compete, and offer competitive prices to consumers."

But he said the cancellation of Dodd-Frank Act, "the entire system at risk of recurrence of the 2008 crisis."

Bear said Minister Bulent financial stability in Sweden, told Swedish news agency TT that the abolition of this law would be a "dangerous and harmful and very unfortunate."

Liberals are so far up the totem pole of judging President Trump, that they miss his specific goals of correcting this Act.