Trump, Who Bragged About Gutting Dodd-Frank, Claims ‘Wokeness’ Caused SVB Collapse

[TOP]

Yes I identified the word clearly that you racists so want to use again



You assholes railed about it for years



Now you replaced it with Woke


Which means a person of any color who wants to end racism


Us decent people can use the word woke


You cant


Why?


Because you only use it to say you hate anyone who wants to end racism


So suck on that you dumb fuck racist



You will be called a racist every time you defame and shame the word woke

Get it dumb assed racist scumbait

Wait... we "replaced" what wo rd with the word woke? ( I'm pretty sure you lost your "woke" card when you split on the black person by the way... You posted the "n" word...the entire
forum saw it..... you could edit it but it's too late because I already quoted you

 

[TOP]

Now what dick bags


Demeaning the idea of woke is the new racist montra

No it's not...give me an example of how you're proud to be "woke" ... You're one of the biggest abusers here..have you ever read your posts? I don't think anyone is welcoming you to represent their "side"....

 

[TOP]

Woke

Everyone can use woke... My pup just woke up from his nap in the sun.

 

[Uncensored2008]

Black people can use it


You can’t

So suck on that dumbass

democrats - waging war on the constituition and crushing civil rights since 1829.

---------------------------

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

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I can say whatever I want - traitor fuck.

 

[TOP]

Now what dick bags


Demeaning the idea of woke is the new racist montra

I bet you're getting all kinds of invitations to come and speak to young people....

 

[Uncensored2008]

Black people can use what?

Truth Matters is just attacking freedom of speech again. She thinks that whites will be put in prison for saying "white supremacist," or the old version, "nigger."

What she really wants is people to be put in prison, or exterminated, for being white.

 

[Uncensored2008]

I can use woke too


I want to end racism

Canada offers assisted suicide.

It won't end racism, but will reduce it.

You don’t



You want to shame people who hate racism


You prove that every time you pretend it means anything other than being anti racist

You don't hate racism, you hate white people - as does your filthy party

 

[christiefan915]

I have never used that word... amd never will..
but you just did... ..
You're also the only person I know who bragged about spitting on a black person...

There's a difference between using the word to illustrate a point or to illustrate one's racism. It'll be a cold day in hell before you call out your racist BFF for using the word; she loves to say it.

 

[christiefan915]

You posted the word ...you used it...I never have. You woke people aren't very bright...lol

It's understandable that you didn't get her point. You post like one of the poorly-educated trump loves so much.

 

[christiefan915]

No it's not...give me an example of how you're proud to be "woke" ... You're one of the biggest abusers here..have you ever read your posts? I don't think anyone is welcoming you to represent their "side"....

How about you giving an example of calling out your friends for using the N-word, the C-word and the R-word, you sanctimonious prig.

 

[cawacko]

Again you stupid rightys, regulations are your friends. They are all you have to fight against the wealthy and corporations. That is why they want them gone. You should be fighting for stronger ones.

This is such an interesting comment on a couple of levels. Being made as the blanket statement that it is, is just pure ideological. It's lacks any context or nuance, it's almost anti-intellectual.

Why are people trying to repeal drug laws? Don't lefty's know regulations are your friends and the government put them in place to protect you? Why, in California of all places, are we trying to roll back housing regulations? (we're doing it because even liberals recognize the draconian measures in place are exponentially making our housing crisis worse which crushes the little guy and benefits the wealthy) Again, don't lefty's know regulations are your friends?

You comment completely ignores that the 2018 legislation was bi-partisan as was the late 90's financial deregulation. Looks like you need to spread your message to some fellow lefties.

And finally, the 2018 legislation wasn't the cause of this. Many people have written the stress tests would not have identified the issues SVB faced.

 

[Lionfish]

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.
[/FONT]
[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.
[/FONT]
[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.
[/FONT]
[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.”
[/FONT]
[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


[/FONT]​

Get woke go broke. Look up the risk management assessor at SVB and then STFU

Risk Assessment Chief at Major Failed Bank Organized LGBT 'Pride' Events and 'Safe Spaces' Before Everything Collapsed

 

[Nordberg]

This is such an interesting comment on a couple of levels. Being made as the blanket statement that it is, is just pure ideological. It's lacks any context or nuance, it's almost anti-intellectual.

Why are people trying to repeal drug laws? Don't lefty's know regulations are your friends and the government put them in place to protect you? Why, in California of all places, are we trying to roll back housing regulations? (we're doing it because even liberals recognize the draconian measures in place are exponentially making our housing crisis worse which crushes the little guy and benefits the wealthy) Again, don't lefty's know regulations are your friends?

You comment completely ignores that the 2018 legislation was bi-partisan as was the late 90's financial deregulation. Looks like you need to spread your message to some fellow lefties.

And finally, the 2018 legislation wasn't the cause of this. Many people have written the stress tests would not have identified the issues SVB faced.

The Trump roll back was a huge part of the problem. It put larger and larger banks at risk.
No, I do not defend every regulation. However, the banking system requires heavy regulation. Energy companies do too. The wealthy crab about regulation because being fairer and cleaner costs money. That is part of why our manufacturers moved their plants abroad. They had no environmental regulations and workers' protection. We need strong regulation.

 

[PoliTalker]

Hello signalmankenneth,

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.
[/FONT]
[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.
[/FONT]
[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.
[/FONT]
[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.”
[/FONT]
[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


[/FONT]​

Yeah, that's like blaming your lousy wages on poor immigrants instead of the super-rich who totally pocket your productivity and make big money Wall Street investors rich but refuse to raise the minimum wage because it 'would cause inflation.' Whoops. We got inflation anyway. Corporate titans couldn't wait to take advantage of the pandemic to raise prices. No problem. Blame immigrants for that too.

Immigrants don't determine how much you get paid. Your rich boss does.

 

[cawacko]

The Trump roll back was a huge part of the problem. It put larger and larger banks at risk.
No, I do not defend every regulation. However, the banking system requires heavy regulation. Energy companies do too. The wealthy crab about regulation because being fairer and cleaner costs money. That is part of why our manufacturers moved their plants abroad. They had no environmental regulations and workers' protection. We need strong regulation.

The reason for the bi-partisan partial roll back was Dodd-Frank put massive regulations on all banks. Large banks have more ability to afford the army of lawyers and accountants necessary to meet the regulations. It was harder for the medium size and smaller banks, thus the changes. (trying to help the 'little' guy)

All regulations are not good regulations. And thinking the 2018 legislation was the cause completely ignores what actually drove this, thus does nothing to help understand it going forward. It's putting ideology over reality.

 

[Nordberg]

The reason for the bi-partisan partial roll back was Dodd-Frank put massive regulations on all banks. Large banks have more ability to afford the army of lawyers and accountants necessary to meet the regulations. It was harder for the medium size and smaller banks, thus the changes. (trying to help the 'little' guy)

All regulations are not good regulations. And thinking the 2018 legislation was the cause completely ignores what actually drove this, thus does nothing to help understand it going forward. It's putting ideology over reality.

I said none of that. I did not say it was the whole cause, so I will not defend it. However, it was a contribution to all the bank failures happening in America. Self-serving management was another cause. The interest rate elevations also were. banks require regulation, strong regulation.