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Meat Puppet

Bank Reform In America

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I hope these regulators do better than the 100 full time idiots whose only job was to make sure Fannie Mae and Freddie Mac didn't get into trouble.

By not requiring precise capital and leverage restrictions regulators could impose weak restrictions and set the wheels in motion to exacerbate future financial crises, he added.

"Almost universally, there are no hard rules. Instead, Congress has said to regulators to do studies and make rules you think will achieve these aims of reducing risk. Given the failure of regulators in the run-up to the crisis it's no surprise that a lot of people are skeptical of that," Konczal said.

This all seems such a convoluted mess that the bankers will be get away with even more than previously. Great time to be a lawyer on Wall Street I think.

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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