Comments on: Dodd-Frank opponents return to the drawing board http://blogs.reuters.com/breakingviews/2012/05/14/dodd-frank-opponents-return-to-the-drawing-board/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ChevalierMalFet http://blogs.reuters.com/breakingviews/2012/05/14/dodd-frank-opponents-return-to-the-drawing-board/comment-page-1/#comment-9195 Tue, 15 May 2012 17:48:56 +0000 http://blogs.reuters.com/breakingviews/?p=11444#comment-9195 Hahahaha, Republicans advocating breaking up the banks, hahahahhaha….good one man….haha….. my stars….tears streaming…..

Finish the Volcker Rule, Reinstate Glass Steagall. There are many individual honest brokers in the finance community, but there are many sociopaths as well. This industry has a huge impact on the lives of every American, and therefore must be the tightest regulated.

Also chain Capital Gains and Estate Taxes to the Misery Index or Unemployment Rate or the median household wage or something along those lines. Get everyone pushing in the same direction for once.

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By: AlkalineState http://blogs.reuters.com/breakingviews/2012/05/14/dodd-frank-opponents-return-to-the-drawing-board/comment-page-1/#comment-9194 Tue, 15 May 2012 15:57:44 +0000 http://blogs.reuters.com/breakingviews/?p=11444#comment-9194 Strong banks do not equal strong economies. Banks are there to lend money to the real money-makers and job creators. They should be in the background like a stage hand. Keep them regulated and in their place.

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By: JLWR http://blogs.reuters.com/breakingviews/2012/05/14/dodd-frank-opponents-return-to-the-drawing-board/comment-page-1/#comment-9193 Tue, 15 May 2012 15:29:13 +0000 http://blogs.reuters.com/breakingviews/?p=11444#comment-9193 The American people will no longer listen to the banking industries pathetic greedy excuses or demands nor will they tolerate anything but reverting back to Glass-Steagall Act and the division of banking between commerical and investment. Anything less and you will have riots and anarchy because we, the American people have had it with these spoiled arrogant banker/robbers and the politicians who prostitute themselves to these robbers.

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By: kafantaris http://blogs.reuters.com/breakingviews/2012/05/14/dodd-frank-opponents-return-to-the-drawing-board/comment-page-1/#comment-9191 Tue, 15 May 2012 07:03:48 +0000 http://blogs.reuters.com/breakingviews/?p=11444#comment-9191 The derivative hedging game played by JPMorgan Chase is no different than that played by AIG in 2008.
Yet Jamie Dimon tells us that JPMorgan had merely “made a terrible, egregious mistake.” He might as well have said that the bank was wrong to keep raising in a poker game when it was apparent it should have folded.
And why was JPMorgan busy betting in the first place — right after our economic meltdown, and while fighting government regulation?
One answer is that it knew it could bear the gambling losses.
That’s right. With $2 trillion at hand, JPMorgan can yawn when $3 billion goes down the tube.
Nonetheless, Dimon tells us that he sees no problem with the government dismantling big failing banks. This is good to know because the government might have to start dismantling big banks before they fail — and before they have another chance to take us down with them.
The important lesson from the JPMorgan fiasco is not that stringent regulations are still needed to reign in on derivatives, but that banks big enough to remain standing after taking huge hits are ripe enough for us to chop down to size.

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