Republicans target Dodd-Frank for deficit savings

Comments (7)
TobyONottoby wrote:

By all means, let’s set sail without a bucket to bail out the boat.

Apr 19, 2012 9:46am EDT  --  Report as abuse
AlkalineState wrote:

Republicans target Dodd-Frank, insisting banks really will police themselves this time.

Apr 19, 2012 11:19am EDT  --  Report as abuse
SchWI wrote:

$22 Billion over 10 years? That is not large enough to be a rounding error in the annual budget, how long have they been working on this?

Apr 19, 2012 11:41am EDT  --  Report as abuse
AlkalineState wrote:

You could easily make Dodd-Frank budget neutral if you just raise the fines on the banks that break the law. I’m guessing republicans are not so much into exploring that option. Has it even come up in their little committee on this?

They’ll sink hundreds of billions into the drug war, with no returns at all. Decades of dicking around in Colombia, attorney fees and jail costs to prosecute every loser with a joint in his jacket. But cracking down on banks that break the law….. “that might offend the banks and then what?”

Anybody voting for these tools deserves what they get.

Apr 19, 2012 12:04pm EDT  --  Report as abuse
Egladys wrote:

The head of the House Financial Services Committee is Spencer Bachus (R)Alabama, need I say more? And he’s had a burr under his saddle about the CFPB & Dodd/Frank since day one.

Apr 19, 2012 12:21pm EDT  --  Report as abuse
NewsDebbie wrote:

Oh spare me the BS. I was a Republican for 35 years. Have my own business and I saw the GOP voted to undo regulation on banking and Wall Street. It was a Republican for 35 years now an Independent. I watched a GOP/Goldman Sacks US Treasurer that didn’t see the banking fall? BS Bush/Paulson/GOP took a gamble and the result was the fall of the US economy and world economy. Laissez-faire economics/Trickle Down/Austrian does not work. Free capitalism is not really free. When you remove government intervention, regulation, taxes, tariffs, etc you remove protections of the people. The GOP of today will attack Dodd/Frank as they are all in for laissez-faire. To gain any Independent votes they should return to Glass/Stegall. Teddy Roosevelt’s policies of promoting business with regulation would best serve the USA. Business may not like it totally and government may not like it totally but it is the only thing that really works. This is just GOP BS.

Apr 19, 2012 12:56pm EDT  --  Report as abuse
spoc wrote:

Are people that vote GOP so ignorant that they can not see the damage done by repeal of Glass/Stegall?

Apr 20, 2012 4:46am EDT  --  Report as abuse
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