Tuesday, June 13, 2017

Comey is the bright shiny object in the room. And in the meantime what happened with Wall Street corruption?

The corruption in his administration is completely obvious."...friend's of mine that can't borrow money..."

Wall Street will collapse because Donald Trump's friends need to borrow money. Amazing. What does that say about Donald Trump's friends.

June 12, 2017
By Martha C. White

Consumer advocates criticized House Republicans’ push to effectively defang the Consumer Financial Protection Bureau with a bill 
passed late last week, but some observers warn that the bill’s biggest threat is that it opens the door to a repeat of the 2008 financial crisis.

I told you so. The USA is well on the way to sinking the global economy AGAIN.

“It really undermines supervision and it really destroys a lot of other protections against ‘too big to fail,’” said Marcus Stanley, policy director at Americans for Financial Reform. “It goes through and comprehensively disempowers regulators and weakens systemic risk regulation in a huge range of areas.”

Mike Konczal, a fellow at the Roosevelt Institute, characterized the Financial CHOICE Act — which is likely to be scaled back in the Senate — as an opening volley that lays out Republican priorities for regulatory rollback. “It sets a tone for how the GOP views financial reform overall,” he said.
Republicans and banking interest groups have said that the Dodd-Frank act gives too much power to regulators. “[Dodd-Frank] grants the CFPB vague and sweeping authority to regulate large swaths of the economy… and the authority to impose substantial penalties on individuals and businesses,” senators Ben Sasse (R-NE) and Mike Lee (R-UT) wrote in a January letter to the incoming Trump administration....