Trump unravels Dodd-Frank

Breitbart: President Donald Trump signed a bill on Thursday that would unravel the “Dodd-Frank disaster,” eliminating onerous regulations on community banks.

President Trump said at the bill signing on Thursday, “The legislation I’m signing today rolls back the crippling Dodd-Frank regulations that are crushing small banks.”

The legislation reduces regulation and oversight on financial institutions below $250 billion in assets and also exempts community banks from increased oversight established by the 2010 Dodd-Frank financial reform bill.

The 2010 Dodd-Frank bill was a hallmark of former President Barack Obama’s legacy, which was passed in the wake of the financial crisis.

16 Comments on Trump unravels Dodd-Frank

  1. Obama continues to disappear up his own a$$hole.
    I’d be hard pressed to come up with even one true accomplishment from that crap weasel.

    As for Barney Frank and Chris Dodd? These pecker driven weirdos know as much about banking and financial institutions as I do. Not much. But somehow they anointed themselves as experts.

  2. I kind of miss Barney Frank on the news programs when he was confronted about an issue by someone in the opposition. They’d go back and fourth while all the while Barney would get madder and madder until he was spraying spittle everywhere around him, drenching anyone close.
    Comedy gold! Find the clip of him and Bill O’Reilly going at it, if you didn’t die laughing you were already dead.

  3. What the hell was wrong with Glass-Steagall, it was working fine until ? The “meltdown” was caused because of it’s repeal. Thanks to (both) sides of the isle for stabbing the 401k and meager pensioners in the back, by allowing the BANKS to play the market with their life savings.

    This is One issue that tells Me that Trump is answering to the BANKSTERS.

  4. Dodd and Frank should have resigned in disgrace or fired for their shenanigans and instead get to write regulation that passes without question.

    Imagine your CFO lost your company 90%. The similar plan would be to keep your CFO on board to come with a new plan moving forward that the board of directors would pass without question? NO!!!

  5. Investment opportunity?
    small cap bank stock mutual funds
    John Hancock Regional Bank (FRBAX)
    YTD Return 7.96%
    I’m in

  6. Homos shouldn’t be allowed to appear on TV without their dentures.
    Do I need to draw you a diagram? Didn’t think so…

  7. @PHenry
    While in Washington as a congressman years ago he was listing himself in one of those gay underground news sheets that used to be around. He called himself “Hotbottom”

  8. “which was passed in the wake of the financial crisis” and created under Jimmy Carter and extended by Bill Clinton that forced banks to give loans to people that could not afford them.

  9. I’m in the mortgage business. Frank and Dodd both got deals worth millions back in the day with a bank called Countrywide. All I’ll say is if I had wrote a loan with the same terms and no fees for a Republican I’d still be doing time on my 30 year bit for trying to bribe a public official.

    They should be in prison, push forward underwriting guidelines that cause the real-estate melt down and they got to write the bill to “fix it”. Things you can do as a Democrat because the MSM has your back and by that your back Frank’s back its how ever he wants it and twice on Sunday.


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