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#dodd-frank-act — Public Fediverse posts

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  1. During Trump’s 2nd term, his admin has worked to roll back many of the #DoddFrankAct legislation’s provisions, arguing they were too onerous.

    Facing his toughest reelection campaign in years in 2010 as the tea party wave swept US politics, #BarneyFrank opted against running again in 2012, though he remained engaged in #politics long after leaving #Congress & was a fierce critic of #Trump.

    Asked who might succeed Trump, Frank said “unfortunately I won’t get to vote for it.”

    #USpol #LGBTQ

  2. During Trump’s 2nd term, his admin has worked to roll back many of the #DoddFrankAct legislation’s provisions, arguing they were too onerous.

    Facing his toughest reelection campaign in years in 2010 as the tea party wave swept US politics, #BarneyFrank opted against running again in 2012, though he remained engaged in #politics long after leaving #Congress & was a fierce critic of #Trump.

    Asked who might succeed Trump, Frank said “unfortunately I won’t get to vote for it.”

    #USpol #LGBTQ

  3. Working with then-Senate #Banking Committee Chairman Chris Dodd, D-Conn., the #DoddFrankAct would enhance #ConsumerProtections, impose new capital requirements for #banks & boost the ability of #regulators to #monitor #risk.

    “Barney & I shared a fantastic relationship,” Dodd said. “I had many good moments in those 36 years in #Congress, but none more significant, joyful, or productive than those almost two years working with Barney on our banking bill.”

    #BarneyFrank #USpol #LGBTQ

  4. Working with then-Senate #Banking Committee Chairman Chris Dodd, D-Conn., the #DoddFrankAct would enhance #ConsumerProtections, impose new capital requirements for #banks & boost the ability of #regulators to #monitor #risk.

    “Barney & I shared a fantastic relationship,” Dodd said. “I had many good moments in those 36 years in #Congress, but none more significant, joyful, or productive than those almost two years working with Barney on our banking bill.”

    #BarneyFrank #USpol #LGBTQ

  5. CW: Long thread/18

    That's what makes the bailout so dismaying. It involves an exotic (to put it mildly; "absurd" also springs to mind) interpretation of the FDIC's statutory authority and the contours of the #DoddFrankAct, passed after the #GreatFinancialCrisis to ensure that the public would never reward reckless banks for failure.

    18/

  6. CW: Long thread/18

    That's what makes the bailout so dismaying. It involves an exotic (to put it mildly; "absurd" also springs to mind) interpretation of the FDIC's statutory authority and the contours of the #DoddFrankAct, passed after the #GreatFinancialCrisis to ensure that the public would never reward reckless banks for failure.

    18/

  7. "Unter #Trump wurde daher im Jahr 2018 der #DoddFrankAct deutlich entschärft,in dem Banken mit einer Bilanzsumme kleiner als 250 Mrd. USD von zahlreichen Erleichterungen & Ausnahmetatbeständen profitierten – darunter fiel auch die #SiliconValleyBank..."🤷🏽‍♀️

    #SVB

    thomaswuest-blog.de/die-pleite