Trump, Who Bragged About Gutting Dodd-Frank, Claims ‘Wokeness’ Caused SVB Collapse
- Thread starter signalmankenneth
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evince
Truthmatters
Signature bank you lying loser
So you are saying Trump did not cut banking regulations? Dodd-Frank was a huge banking regulatory bill.
Into the Night
Verified User
RQAA.
The fact is even more stringent regulations would have prevented this banking problem. There is no doubt about that. The wealthy and corporations fight regulations for more immediate profits. The real problem is Rightys vote against their own interests. They convince you that regulations are bad. You believe them. The problem is the people susceptible to conmen like Trump, are also suckers for the wealthy and corporate lies.
Republicans oppose reinstating Dodd Frank regulations. Fact.
The Republican Great Recession of 2008, the Great Republican Depression of 1929, and the Republican Savings and Loan crash of 1989 were all related to lack of regulation.
I am trying to think if comprehensive regulation itself ever caused a crash in the United States.
evince
Truthmatters
It’s time for the NEWS to report the real news
They are corporate so they resist it
That is how Fox got its foothold
Time to end this all and stuck to actual facts
Yakuda
Verified User
This from a nitwit whose retarded leader says they prefer truth to facts
Yakuda
Verified User
???? Based on this post of yours???? LMFAO
evince
Truthmatters
Dear fucking idiot
Your team has claimed news is evil for how long?
News in America is corporate asshole
It has every incentive to help the corporate world
You dumb fucks pretend it’s anti corporate
And that only Fox tells the truth
Fox is the great corporate defender you lame assed piece of shit
Fuck you very much
Yakuda
Verified User
You're a Guinness book of world record cum swallower aren't you?
Going after "wokeness" to blame a bank collapse is like going after Iraq when you were attacked by 15 Saudis. - John Fugelsang
[FONT=&]WASHINGTON ― Former President Donald Trump on Monday blamed “wokeness” for the collapse of Silicon Valley Bank rather than the law he signed in 2018 that gutted the Dodd-Frank federal regulations on smaller banks.
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[FONT=&]Trump bragged within days of taking office that he would go after the Dodd-Frank Act, which was signed by President Barack Obama in 2010 after the 2008 financial crisis and which forced banks to be more conservative in investing their depositors’ money.
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[FONT=&]“Dodd-Frank is a disaster. We’re going to be doing a big number on Dodd-Frank,” Trump said on Jan. 30, 2017, as he signed an executive order requiring that agencies eliminate two regulations for each new one they wanted to implement.
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[FONT=&]Sixteen months later, he signed a bill that freed regional banks like SVB from many Dodd-Frank rules. “They shouldn’t be regulated the same way as the large, complex financial institutions,” he said. “As a candidate, I pledged that we would rescue these community banks from Dodd-Frank, the disaster of Dodd-Frank, and now we are keeping that commitment.”
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[FONT=&]Despite this, Trump in recent days has been blaming corporate “wokeness.” On Sunday and Monday, Trump amplified posts claiming that SVB’s policies regarding diversity and environmentalism were behind the bank’s failure. (BuzzFeed, HuffPost’s parent company, banked with SVB.)
“The same wokeness that pushed banks to dish out subprime mortgages to unqualified buyers and crashed the economy in 2008 has now rebranded as ESG and DEI and is crashing our financial system again in 2023,” read one post by lawyer and “commie fighter” Rogan O’Handley that Trump shared with his 5 million followers on his social media platform, Truth Social. He was referring to “environmental, social and governance” guides on socially responsible investing and to “diversity, equity and inclusion” considerations in business.
https://www.yahoo.com/news/trump-bragged-gutting-dodd-frank-005804658.html
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Wokeness is the Republicans new boogyman, now that Obama is out of the news they blame everything on Wokness. Stubb your tow... Wokeness. Wife leaves you... wokeness.
Yakuda
Verified User
Replaced with Brandon. Lmfao
evince
Truthmatters
evince
Truthmatters
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Retired Teacher
Priceless....