House votes to repeal Dodd-Frank act - While everyone's watching Comey

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Whelp there goes one of the last law sets keeping Wall Street somewhat honest


How long until another crash now?

I wonder if all the Comey hubablub was intentional so they could sneak by this repeal as all the little people were wrapped up yelling at Comey for either being a good guy gone wrong or a bad guy gone right


You guys are sooooo fucked.

Thank god I'm not American.
 
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Why do you people keep freaking out every time the House passes / repeals something? It still has to go through the Senate and then probably back into the House if anything was changed in the Senate. (Then repeat the process if the House changes something).
 
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Oh Long Johnson said:
Still has to pass the Senate, where I'd imagine it will be killed. Never know though.
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The Senate doesn't exactly have a lot of incentives to keep regulation around in a bullish market, and the left-wing party that should ostensibly care about this is more Wall Street friendly than they've ever been. They'll bank on the short-term gains over the instability repealing Dodd-Frank is going to add long term.
 
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Absolutego said:
The Senate doesn't exactly have a lot of incentives to keep regulation around in a bullish market, and the left-wing party that should ostensibly care about this is more Wall Street friendly than they've ever been. They'll bank on the short-term gains over the instability repealing Dodd-Frank is going to add long term.
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I don't think the current state of the markets means fuck all. It is the same balance as it always is - fundraising vs. chance of being primaried, unless the banks find a new way of marketing turds and the music stops and your side doesn't have a chair. That's why I say, "Who knows." With a slim majority and mid-terms 16 months out, you really can't state anything the Senate does definitively.
 
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Sweet and Savoury said:
Thank god I'm not American.
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Unless you live on some pacific island where the most advanced technology is hitting one rock with another, slightly more solid rock, then this will affect you, too.
German banks are getting ready to put negative interest rates on bank accounts, which can't be a good sign, either.

Also, it is said that every 10 years, the market crashes. 1990 it was the bubble economy of east asia. In 2000, it was the dotcom-bubble (I think) then we had 2008/09 and it would not surprise me if the banks fuck up once more soonish.
 
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Market crash when??? Seriously, when Wall Street isn't regulated and is allowed to run free, things tend to go to shit, real fast. Worse still, because this GOP - dominated Congress is so desperate to see a profit (or worse: dime-an-nickel those less well off in general as usual.), rather than let things run smoothly and let gains happen over a long time period (e.g.: 1 to 2+ decades), well, it's all downhill from here... In terms of dealing with real problems, especially.

Even with midterms coming up soon, I don't see things getting better, even if if the Dems make any real meaningful gains (in their current state, they just can't. At all.), due to them being in bed with Wall Street, albeit a little less obvious than the Repubs currently are now, so I ain't holding my breath when this gets signed (sooner or later.).

Then again - it's clear the market is gonna crash soon, due to the college tuition bubble I keep hearing on/off about; so, again - Market crash when???

@RomanesEuntDomus - you're talking about the housing bubble that started with the 2007/08 recession Obama inherited from Bush Jr., obviously.
 
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I can't wait to buy up a bunch of foreclosed houses from idiot retirees who decided to get a double or triple mortgage at high interest rates so I can sell them 5 years later for triple their worth.
 
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Pikimon said:
I can't wait to buy up a bunch of foreclosed houses from idiot retirees who decided to get a double or triple mortgage at high interest rates so I can sell them 5 years later for triple their worth.
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I suppose that's one positive if you know how to play the market.
 
Pikimon said:
I can't wait to buy up a bunch of foreclosed houses from idiot retirees who decided to get a double or triple mortgage at high interest rates so I can sell them 5 years later for triple their worth.
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So, in essence, you plan to buy Branchland Court?
 
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