01-10-2017, 10:32 PM
(01-10-2017, 05:07 PM)Eric the Green Wrote:(01-10-2017, 10:40 AM)Warren Dew Wrote:(01-10-2017, 12:39 AM)Eric the Green Wrote: I have written before that another round of bailouts of banks too big to fail might spark a revolt by both right and left. That would be very unpopular. But that's where we're headed if Dodd Frank and the Consumer Protection Bureau are thrown away, as the neo-liberals and Tea Party want.
What are you talking about? It's Dodd-Frank that institutionalizes "too big to fail" and guarantees there will be bailouts next time around too.
It's interesting how you turn the obvious into the obviously opposite, and then call it the same thing. You actually managed to label me a "neo-liberal" because I might support higher taxes on Greek rich people. Are you a gymnast? A yogi who can do all kinds of contortions?
No, Dodd-Frank provides for the break-up of banks that are too big to fail. Republicans want to repeal it so that the financial gamblers can pursue their wrecking-ball schemes without interference.
Dodd-Frank has been around for years now. How come no big banks have been broken up? Why are Sanders and Warren saying that additional action is needed to break them up?
Oh right, because Dodd-Frank does nothing of the sort.