Banks at 1930s consolidation levels

evince said:
how would repealing dodd frank help them silly?
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Nothing is going to bring back those small banks already forced to sell/merge with larger banks. The Dems already screwed them. But repealing the monstrosity that is Dodd Frank and putting Glass Steagall back in place will relieve the burden on the remaining community banks while at the same time breaking down the big banks. Which I assume is what you want?
 
evince said:
NO dude


you have to say WHY

give me your evidence
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Desh, there is a 52 page report telling you WHY. The other article I posted tells you WHY. Quit pretending they aren't there and actually try READING them. Educate yourself so you stop looking so foolish.
 
evince said:
Prove it was dodd Franks that caused the consolidation and not the crash
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Why do you ALWAYS pretend that it is an either or situation? I never stated Dodd Frank was the sole reason they got in trouble. Not once. Both played a part. Early on it was the crash that hurt, then as the economy stabilized it was Dodd Frank. Quit trying to pretend it HAS to be one OR the other. Realize that both played a part in this.
 
Superfreak said:
Nothing is going to bring back those small banks already forced to sell/merge with larger banks. The Dems already screwed them. But repealing the monstrosity that is Dodd Frank and putting Glass Steagall back in place will relieve the burden on the remaining community banks while at the same time breaking down the big banks. Which I assume is what you want?
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how many was it?

how do you prove it was dodd frank and NOT the economic crash?

mke sure you get your dates right
 
to whatever extent you say dodd frank caused banks to be gobbled up please show your evidence of the banks name and the reason it was dodd franks fault.

that is how it works dude
 
when was dodd frank implemented?


when did these banks fail.

the testimony I linked to said the effects are not even ebing fully felt yet by the small banks,


keep that in mind when you look for your evidence
 
evince said:
to whatever extent you say dodd frank caused banks to be gobbled up please show your evidence of the banks name and the reason it was dodd franks fault.

that is how it works dude
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Yet you have not stated the name of any bank or proof that they failed because of the crash??? That is how it works according to you.
 
evince said:
http://www.upi.com/Top_News/US/2013...-for-small-banks-credit-unions/6121386109831/


WASHINGTON, Dec. 3 (UPI) -- It may be a while before the full impact of post-recession bank reform reaches small financial institutions across the country, but one thing is certain: compliance with the Dodd-Frank law demands resources -- both time and money -- to navigate the new regulatory landscape.
Small financial institutions do not have teams of attorneys and consultants to work on compliance and often drain resources that could have gone toward working with customers. That was the picture that emerged in the testimony of experts appearing Tuesday at a hearing of the House Small Business subcommittee on investigations, oversight and regulations.

Assuring compliance “takes an inordinate amount of time away from what we should be doing,” said B. Doyle Mitchell Jr., president and CEO of Washington-based Industrial Bank.

“Community banks should be exempt from Dodd-Frank overall,” Mitchell said. He estimated that his employees already devote an additional 10 percent of their workdays to regulatory issues, such as ensuring mortgage applications meet the strict requirements determined by the Consumer Financial Protection Bureau.


Read more: http://www.upi.com/Top_News/US/2013...ks-credit-unions/6121386109831/#ixzz2mY0qEjYK
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this is based on recent congessional testimony by small bank owners just the other day buttslice
 
evince said:
then lets fix it


will your people be willing to help fix it ?
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Considering 'your people' wrote and passed the law will they be willing to make changes? And ultimately it goes to President Obama, will he be willing to make changes?
 
banks are businesses fool and there are banks listed there.

Now if you claim dood frank caused a certain amount of small bank failures then PROVE it with numbers.

the testimony by the small bank owners said the impact they fear about dodd frank is YET TO COME.

how do you battle that one idiot?


there is time to fix this unintended impact


will you just repeal Obama care 40 more times instead of doing the American peoples business yet again?
 
evince said:
http://www.upi.com/Top_News/US/2013...-for-small-banks-credit-unions/6121386109831/


WASHINGTON, Dec. 3 (UPI) -- It may be a while before the full impact of post-recession bank reform reaches small financial institutions across the country, but one thing is certain: compliance with the Dodd-Frank law demands resources -- both time and money -- to navigate the new regulatory landscape.
Small financial institutions do not have teams of attorneys and consultants to work on compliance and often drain resources that could have gone toward working with customers. That was the picture that emerged in the testimony of experts appearing Tuesday at a hearing of the House Small Business subcommittee on investigations, oversight and regulations.

Assuring compliance “takes an inordinate amount of time away from what we should be doing,” said B. Doyle Mitchell Jr., president and CEO of Washington-based Industrial Bank.

“Community banks should be exempt from Dodd-Frank overall,” Mitchell said. He estimated that his employees already devote an additional 10 percent of their workdays to regulatory issues, such as ensuring mortgage applications meet the strict requirements determined by the Consumer Financial Protection Bureau.


Read more: http://www.upi.com/Top_News/US/2013...ks-credit-unions/6121386109831/#ixzz2mY0qEjYK
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lets look at this some more
 
On the other hand, said Georgetown University Law Center Professor Adam Levitin, many portions of Dodd-Frank have not gone into effect yet and it is too early to assess the damage, if any, the law causes to small banks.

Furthermore, according to Levitin, there is insufficient evidence to make the case for a compliance burden.

“There is no hard data about extent of the impact of compliance costs,” he said.


Read more: http://www.upi.com/Top_News/US/2013...ks-credit-unions/6121386109831/#ixzz2mbSw5DGn
 
I personally think they should give the small banks relief if they feel and can show that they are being harmed by the regulation designed to reign in the BAD actors which were the Big banks.


Now why do you want the WHOLE of dodd frank to go instead of just fixing the problem?
 
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