Strict enforcement of existing laws will go much further than increased regulations. Problem is lack of enforcement of rule-of-law as the law was intended, not contorted to meet some previously mis-contrived conclusion.
Senator Grassley pinpoints the problem best when he stated, “Conclusion first, fact-gathering second—that’s no way to run an investigation. The FBI should be held to a higher standard than that, especially in a matter of such great public interest and controversy,” the senators wrote in a letter today to the FBI."
"It is a conclusion not evidence. …I do not make my conclusions first and try to shoehorn the facts to fit my conclusions."
how do consumers defend themselves without regulation against the five or so massive banks that control our data - loans - and savings
I think we should worry about us and not that Banks need to hire a few more workers
again - in the last 12 months - 100% under Dodd Frank - Banks and other Financial institutions have RECORD PROFITS
seems to me their complaining is not about making money but about control - the control they want over us with no one regulating them
Re community banks (lets define as any bank not in the top 50) they need relief --- but that is 100% different than including the monsters that have a strangle hold on the banking industry... they should undergo more audits and need more capital .... level the playing field so that indeed community based lenders and bankers have a fighting chance
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