Tuesday, August 16, 2016

The banking crisis that can never be contained...

When President Obama signed the Dodd-Frank Wall Street “reforms” into law in 2010, he promised they would “bring the shadowy deals that caused this [financial] crisis into the light of day.”

We were “sold” that Dodd-Frank would end Wall Street insiders’ reckless risk-taking that cratered the global economy in 2008.

But most of all, it would end taxpayer bailouts of banks.

Sycophantic media pushed their Obama love to all-time highs on the news. And Americans connected to the Matrix… the ones asleep in a deep coma… well, they breathed a sigh of relief into their ventilators.

Paternal government patted the lemmings on the head and tucked them in bed with a smooch on the forehead. Everything was fine again.

All it took for happy days to return was a thick stack of regulations from D.C. hacks and the general populace rolled back over into a state of oblivion.

But the problem was never fixed. In fact, it’s gotten a whole lot worse…Full story...

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  2. Kill the banker...
  3. Why the $5.7 billion dollar fine on big banks is actually a joke...
  4. Ireland jails three top bankers over 2008 banking meltdown...
  5. Iceland does what the US won’t: 26 top bankers sent to prison for role in financial crisis...
  6. Big bank 'crime of the century' results in guess what? No jail time for anyone...

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