Tag Archives: Dodd-Frank

Barney Frank Blames Bank Failures On Cryptocurrencies

Bloomberg News reports: Barney Frank — the former congressman known for the Dodd-Frank Act, which overhauled US banking regulation to prevent another global financial crisis — said there was one thing lawmakers and regulators didn’t reckon with back in 2008: cryptocurrencies. “Digital currency was the new element entered into our system,” the 82-year-old Frank said in an interview Sunday. “A …

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Biden: “Rest Assured That US Banking System Is Safe”

NBC News reports: President Joe Biden said Monday that Americans should “rest assured” after his administration acted to ease uncertainties about the banking system in the wake of the collapse of Silicon Valley Bank last week, the second-largest bank failure in U.S. history. The president spoke about the actions taken by his administration to give Americans confidence that the banking …

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Trump Predicts “Great Depression Bigger Than 1929”

Posted last night to Trump’s Truth Social account: With what is happening to our economy, and with the proposals being made on the LARGEST AND DUMBEST TAX INCREASE IN THE HISTORY OF THE USA, TIMES FIVE, JOE BIDEN WILL GO DOWN AS THE HERBERT HOOVER OF THE MODRRN AGE. WE WILL HAVE A GREAT DEPRESSION FAR BIGGER AND MORE POWERFUL …

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House Votes To Rollback Dodd-Frank Banking Regs

USA Today reports: The House sent a major revision of banking regulations to President Trump’s desk on Tuesday after conservatives who wanted a more sweeping rollback decided to accept a bipartisan deal crafted by the Senate. Supporters said the bill would give businesses more access to loans for homes and cars that they cannot get now because of government regulations. …

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