Posted on 06/07/2016 6:23:56 AM PDT by milton23
House Republicans are priming the pump for the next president to overhaul much of the financial regulation enacted in the aftermath of the 2008 global market downturn. The GOP plan would repeal and replace most of the Dodd-Frank financial overhaul with a more market-based regulatory scheme.
As part of the GOP’s “A Better Way Agenda,” House Financial Services Chairman Jeb Hensarling, R-Texas, was scheduled to unveil details of the simpler, yet stricter, regulation Tuesday morning at the Economic Club of New York.
“In a phrase,” he said, summarizing the Republican plan in prepared remarks obtained by The Daily Signal, “we need economic growth for all and bank bailouts for none.”
(Excerpt) Read more at dailysign.al ...
How about just not passing any bailout bills? Don’t even create the bailout bills to begin with ... kill them in committee.
Right on! No bailouts at all. End business that are doomed to fail go right on an fail.
Maybe they can include something to prevent the mortgage backed security debacle and similar schemes.....
The things people say during election times where were they during Obama’s bail outs?.
Bring back Glass Steagle.
That’s nice and all, but if a bank is so big that it’s failure will collapse the rest of the economy, then they will bail it out, period.
So essentially it's a Public Trust. Banks should have been broken up as a condition of the bailout.
JUST SAY NO!!
Agree 100%, but nobody in office, or who will be in office, will do that.
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