Get ready for the next Bank Bailout

The Trump team is getting rif of the CFPB which in its short existance has helped consumers recover 20 billion in fraud committed against them by predatory financial instituions.  (Funny - I thought DOGE was suppossed to get rif of fraud - not encourage more of it)

More importantly - the Trump administration is promising to roll back most of the banking regulations put in place in the wake of the 2008 financial collapse.   You know, the one that MAGA people pretend to be infuritatted about because we had to bail out the banks.     Dodd/Frank made sure the banks have enough liquidity to bail themselvers out and cover bad loans.   Most people think that was a good idea.   MAGA now does not.    One thing for sure - when the next financial collapse happens the people who deregulated the banks will blame it on the Democrats just like they did in 2008.      

But dont worry - it wont happen until Trump is long out of office.   Probably 8-10 years from now.   Ride the bubble while you can.

    "rif" x2  ??? How about posting a link to the "rif" being eliminated....

Where was PJ when his man Joe Biden presided over 3 of the 4 largerst bank failures in US history?

Probably blaming Trump!

Biden has presided over three of four worst bank failures in US history | Fox News

The president of the United States is not the ceo of any private sector bank.   Thats a free education lesson for you today, Charles.  Tell the other kids on the short bus.

The CFPB  and Dodd/Frank do not guarantee the success of any bank.   All they do is make sure taxpayers arent on the hook when any bank fails.      How many banks did Biden bail out with tax dollars?

But you can see Charles is already geering up to point fingers at Democrats for deregulation.   I bet he did that in 2008 too.

So you think now is the time to cut back on the folks that regulate the banks? I note one of those banks was the tech bro bank which gives you a good idea of what happens when you let tech bros run banks. You want to put those same tech bros that couldn't manage one bank in charge of how the rest of the banks are regulated. Gotcha