| Frownland |
05-30-2018 02:09 PM |
Quote:
Originally Posted by elphenor
(Post 1956131)
I don't know that banks are much more corporatized now considering they were max, financial crisis, entirely motivated by short term profit corporatized already years ago when this rule was implemented
Or I guess I just don't know what you're referring to
point of the rule is to curb bets with depositors money that contribute to financial collapses being catastrophic
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Small banks were getting in on that action too. The number of banks in the US has been almost cut in half since 2005 despite levels of debt owned by banks increasing. Less banks on the market make investing in smaller businesses and banks more expensive, playing right back into the hands of the big wigs, basically. Rich done getting richer.
The softening of the rule will actually bring it back to its original form from before it got bogged down by industry lobbyists. |
