4 ms·
> Our government decided that the banks needed to consolidate in order to be more stable then enacted the Dodd-Frank Wall Street Reform and Consumer Protection
by lp0_on_fire 3y ago
> Our government decided that the banks needed to consolidate in order to be more stable then enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act which was put in place to "promote the financial stability of the United States."
Our government decided to do what was best for the banks and the bankers. Meanwhile millions of people lost their homes and some have never recovered. Those that caused the problem were rewarded with golden parachutes and a comfy retirement.
I am not keen to see that repeated and will support a primary challenger to any politician (of any party) that suggests it's time for "Too big to fail Part 2: even bigger". Let's hope it doesn't get there.