Re:Congress' push to regulate Big Tech is fizzling out
by fallingknife on Thursday July 21, 2022 @09:05AM
(#32178838)
Your linked source does not support the claim, but rather talks about efforts to restore Glass-Steagall in some form and their failure, which is not a loosening of regulations, but a continuation of the status quo. I do acknowledge that the repeal of Glass-Steagall itself was a loosening of regulation, but that was 25 years ago.
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Re:Congress' push to regulate Big Tech is fizzling out
by chalst on Thursday July 21, 2022 @10:02AM
(#32179518)
The link was 'Cf', meaning it gives background on the part of financial regulation I talk about, rather than being a direct source. It talks about the rationale for not adopting Glass-Steagall-strength measures during the Obama years. During the Trump years, most US banks were exempted from Dodd-Frank in 2018 via the Economic Growth, Regulatory Relief and Consumer Protection Act.