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AP Explains: Congress moves to roll back Dodd-Frank law
1 month ago - By National Post
WASHINGTON - Just over decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for the painful ride.
By the time the Great Recession ended in June 2009, almost no one was spared.
Home prices fell 30 per cent on average, the unemployment rate nearly doubled and the S&P 500 lost about half its value. The net worth of U.S. households and non-profit organizations fell by nearly $14 trillion, about 20 per cent.
In the midst of a...
Read more ...Congress Does Wall Street A Favor As Banks Post Record Profits
1 month ago - By The Huffington Post
Lawmakers have passed a bill to roll back regulations adopted after the 2008 financial crisis.
Read more ...Small banks trump Wall Street on Dodd Frank rewrite
1 month ago - By Reuters
WASHINGTON - Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs , Morgan Stanley and JPMorgan Chase , will not be breaking out the champagne.
Read more ...Congress Votes to Roll Back Dodd-Frank Regulations as Banks Make Record Profits
1 month ago - By Newsweek
U.S. Banks profited by a record breaking $56 billion during the first quarter of 2018, up 27.5 percent from the year prior, as Congress prepares to roll back financial regulations.
Read more ...
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