There is a bill gaining some steam that addresses the banking revolving door between financial institutions and the Government. Good idea or not?
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additional comments on "Time to Close the Banking Revolving Door?"
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In the garden of eden honey…
In the garden of eden honey…
I don't think any of the regulations, the CFPB or TRID is about helping the public. These regulations are in place to get rid of the mom and pop shops and put more volume in the lap of the big box banks. Fees have increased, cost to do business have gone up along with complicated processing and underwriting; lengthening the close process due to fear of being fined.
I don't think any of the regulations, the CFPB or TRID is about helping the public. These regulations are in place to get rid of the mom and pop shops and put more volume in the lap of the big box banks. Fees have increased, cost to do business have gone up along with complicated processing and underwriting; lengthening the close process due to fear of being fined.
Forget separation of state and church, it’s time for separation of state and bank. And just as vital to curb influence and abuse.
Really? You guys just woke up to the fact that our government is being run by the big bank people who have way too much influence on our lives!? Better late than never I guess. I would be totally in favor of a 10 year ban on any government officials working for any company that their positions had any influence over after they leave government. Obviously all the details would have to be worked out but I believe private business, and in particular the bankers, have way too much sway over our government and that is why Congress doesn't wind up doing what is best for the majority of Americans. They more represent business interests who helped finance their campaigns.
Really? You guys just woke up to the fact that our government is being run by the big bank people who have way too much influence on our lives!? Better late than never I guess. I would be totally in favor of a 10 year ban on any government officials working for any company that their positions had any influence over after they leave government. Obviously all the details would have to be worked out but I believe private business, and in particular the bankers, have way too much sway over our government and that is why Congress doesn't wind up doing what is best for the majority of Americans. They more represent business interests who helped finance their campaigns.
Anyone for the repeal of Dodd-Frank? The real problem is the growing power of the federal government which was never contemplated by the Framers of the Constitution. The Banks and financial institutions are being fined right and left, so putting one (or many) of their own into positions of power can be seen as self-defense. It's like blaming the victim for the assault. Yes, they can abuse that power, and often do, but it's the power, guys, take it away from the government.
Anyone for the repeal of Dodd-Frank? The real problem is the growing power of the federal government which was never contemplated by the Framers of the Constitution. The Banks and financial institutions are being fined right and left, so putting one (or many) of their own into positions of power can be seen as self-defense. It's like blaming the victim for the assault. Yes, they can abuse that power, and often do, but it's the power, guys, take it away from the government.
Wait a minute here. in 2009, only 8% of Obama’s cabinet came from the private banking sector, the least of any cabinet since Roosevelt. his number has increased a bit since then. However, wouldn’t it be nice to see a President have a Banking background instead of endorsing jerks how spend more than what comes in. At the time Obama won the election the national debt was 9.9 Tril, and when he took office, it was 10.6 Tril, and today it is over 18 Tril. I think America deserves a Pres with a finance/banking background, because what we have had for the last 16 years is clearly not working financially. And at the end of the day, isn’t the Congressmen who approve budgets, not the bankers who tout the revolving door? So who gives a rip about the revolving door? Sounds as if the attention is being taken off the real problem, yet again. The people who approve budgets and policies and who run this country have ZERO Finance/Banking Industry experience.
The problem isnt just in the banking industry, check out this list:
ABC News executive producer Ian Cameron is married to Susan Rice, National Security Adviser.
CBS President David Rhodes is the brother of Ben Rhodes, Obama’s Deputy National Security Adviser for Strategic Communications.
ABC News correspondent Claire Shipman is married to former Whitehouse Press Secretary Jay Carney
ABC News and Univision reporter Matthew Jaffe is married to Katie Hogan, Obama’s Deputy Press Secretary
ABC President Ben Sherwood is the brother of Obama’s Special Adviser Elizabeth Sherwood
CNN President Virginia Moseley is married to former Hillary Clinton’s Deputy Secretary Tom Nides
The problem isnt just in the banking industry, check out this list:
ABC News executive producer Ian Cameron is married to Susan Rice, National Security Adviser.
CBS President David Rhodes is the brother of Ben Rhodes, Obama’s Deputy National Security Adviser for Strategic Communications.
ABC News correspondent Claire Shipman is married to former Whitehouse Press Secretary Jay Carney
ABC News and Univision reporter Matthew Jaffe is married to Katie Hogan, Obama’s Deputy Press Secretary
ABC President Ben Sherwood is the brother of Obama’s Special Adviser Elizabeth Sherwood
CNN President Virginia Moseley is married to former Hillary Clinton’s Deputy Secretary Tom Nides
Repeal and put Glass-Steagall Act back in place.
Repeal and put Glass-Steagall Act back in place.