francoHFW
Diamond Member
Were NEVER the problem. Their share of the market went from 75% to 25% in 2003 when Booshie regulators let their pals run wild...change the gd channel, dupe.First you wrote in post #1:
There's nothing major at risk here. Shut it down.
Then, in post #39 you wrote:
Does anyone know what would actually be "shut down" if this bill doesn't pass?
So, which is it?
You don't know? That's what I'm trying to figure out, whether anyone actually knows what will and will not be "shut down" if this bill fails in the Senate. I don't think most people do. It seems that "government shutdown" has become just another panic term, along with communism and global warming.
is this really something good that any of us should hang our hats on?
The swap provision she references would allow Wall Street banks to trade risky financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. -- potentially putting taxpayers on the hook for losses. Big banks traded derivatives from these FDIC-backed units in the years leading up to the 2008 crash, but the 2010 Dodd-Frank financial reform law required them to move many of the transactions to other subsidiaries that are not insured by taxpayers. Banks receive higher credit ratings for derivatives they sell from taxpayer-backed units, which in turn makes the derivatives more profitable.
Be honest, please.
What was bad is that it did not include Fannie and Freddie.There are exempt from the bill