Daily Signal:
This week, in response to President Donald Trump’s February executive order, the U.S. Treasury released the first in a series of reports examining the U.S. financial regulatory system.
The report identifies policies that would improve federal financial regulation in a manner consistent with the Trump administration’s seven core principles.
Treasury incorporated a wide range of perspectives on financial regulatory reform, and they should be commended for producing a large volume of specific reform proposals.
For the most part, the reforms seem perfectly in line with the administration’s core principles. And since those principles closely track the ideas in the Financial CHOICE Act—Texas Rep. Jeb Hensarling’s bill that recently passed the House—Americans should be rejoicing.
Everyone with any savings should google ‘bail-ins.’ Under Dodd-Frank, your deposits are now considered an investment risk you took. If the bank does poorly, you’re money will be legally stolen from you. FDIC you say? No way in hell does the FDIC have the money to cover that much loss.
No worries, since 2 years into bammy’s tenure, I have no money in the bank…..or anywhere else.