Dodd-Frank Swaps Legislation Delayed After JPMorgan Trade Losses
- Thread starter Banjo
- Start date
translation. since jpm just had a huge loss tougher bank regulation just might slip through congress. as republicans we can not allow that so we will delay the vote until we are sure we can accomplish what out bank masters want us to do.
Oh please. Dodd-Frank is 2,000+ pages of crap that does nothing but harm smaller businesses and traders. It actually strengthened TBTF banks and did nothing to stop their high-leveraged trading. They, along with Fannie, Freddie and the Fed, can continue doing as they please. Instead, it went after "bad guys" like small retail FX traders (who had nothing to do with the 2008 crisis), forcing them to use US brokers instead of safer brokers in the UK. It's one of the worst pieces of legislation ever, leading to all sorts of unintended (?) consequences.
