Breitbart:
President-elect Donald Trump could rescind financial regulations that cost the financial services industry at least $1.7 billion, according to a new analysis from the American Action Forum.
Regulators recently completed nine rule-writing projects that Trump would be able to repeal immediately after taking office, as Trump has promised to repeal the Dodd-Frank financial reform law, the Hill reported.
Democrats could fight hard on any major changes to the law, but AAF has identified nine regulations that Trump could roll back even without help from Congress.
According to the Congressional Review Act, the next Congress and administration can rescind those nine regulations until Congress gives the go-ahead because those regulations were created within the last 60 days of the current Congress.
None of the rules would completely repeal Dodd-Frank – any core changes to the law would have to be approved by Congress – but they add up to a significant amount of work. The proposed rules would cost $1.7 billion and require 1.2 million compliance hours from the financial sector.
I can hardly wait! It will be like a second Christmas.
How many billions in twenty trillion?
I think he’s gonna get us there!
Fresh Hope! Real Change! Repeal the boondoggle!
A billion here and a billion there, pretty soon you’re talking the Clinton Charities.
Dodd Fwank was such a lame response for the whole subprime fiasco.
Here is the basic survey:
are you employed?
Does your rate of pay cover payments?
Two yeses means proceed.
One or two nos means dont proceed.
How simple is that?
Helping the “financial services industry” by almost $2B? Wall St. is already getting its piece before the little guy.
I highly recommend three resources for understanding the financial precipice on which we are teetering. Besides the crisis of losing the foundation of the Constitution with a Killery presidency, we stood in direct line of economic destruction. There is much to thank God for giving us Trump. I cannot think of a single other person in this country who could have run for and win the office — and this is important — who would have recognized the depth of the economic issues at hand and how to go about reversing these problems. No one within the parties had the political courage or will to do so.
Last night and this morning I listened to:
“Steve Bannon Lays Out His AMAZING Political Philosophy”
https://www.youtube.com/watch?v=7nTd2ZAX_tc
Sean Hannity – “Generation Zero” special:
https://www.youtube.com/watch?v=JIePkFooM8k
Film: “Generation Zero”
https://www.youtube.com/watch?v=k3SLtP10NQ8
As you will hear, Dodd Frank is but a part of the equation. Bannon (and others) discuss the idea that because Trump has the authority to appoint his own people to positions of power within various financial policy and oversight roles, it is unnecessary for the Congress to fully repeal (or repeal at all?) Dodd Frank.
I’m not good at conspiracies, but there may well be something to the scuttlebutt going around lately about a strong divide between the Bannon and Conway/Priebus (and Romney) camps in the Trump transition team. As I understand it, it is Priebus who is pushing to consider Romney for SoS and Bannon pushing back just as hard. But, what do I know?! I can just imagine that any insider hack would not like the rest of the country to know just how bad things are, economically, and the role they played in bringing us to this place.
I don’t trust Priebus, so I’m biased against him anyway.
HOKEY SMOKES BULLWINKLE!!! Seems like with every breath he takes he is able to cause the liberal pukes to have a SHIT HEMORRHAGE!
THIS time, Barney Frank is gonna take it up the ass real hard but not enjoy it.
🤑🤑🤑🤑🤑
Ole Barn loves to brag about his distant relatives who, back in the 16th century, actually invented the condom using a goat’s lower intestine.
Whut he doesn’t tell ya is that in 1873 the British refined the idea by taking the intestine out of the goat first…