Re:Congress Approves First Big Dodd-Frank Rollback
by mikec3010 on Wednesday May 23, 2018 @11:31AM
(#17134947)
>And the overall solution is to allow them to fail next time
Then pass a regulation barring the US from ever giving another "bailout". In the aftermath of '08 those corporations played the US like a fiddle to get their billions of dollars in free loans because "our whole financial system could collapse if you dont". Why wouldn't they play this game again, perhaps even more brazenly than last time?
Then pass a regulation barring the US from ever giving another "bailout". In the aftermath of '08 those corporations played the US like a fiddle to get their billions of dollars in free loans because "our whole financial system could collapse if you dont". Why wouldn't they play this game again, perhaps even more brazenly than last time?