Greg Palast
A
We now have to bail out Signature Bank because the 2010 Dodd-Frank Wall St Reform Act—sponsored by Rep. Barney Frank to prevent bailouts—was gutted in 2018. https://www.wsj.com/articl...
11:20 AM - Mar 14, 2023
Avatar Avatar Avatar
0
2
5
Greg Palast
A
Under the new law, Signature, despite over $100 B in assets, was excused from the higher safety reserve margins once required of banks that size. Who was the unregistered lobbyist, the bank’s board member who pushed for this? It was Frank. He left Congress and pocketed over $2.4 million in fees.
In response to Greg Palast.
11:21 AM - Mar 14, 2023
1
0
Carrie Lewis
A
In response to Greg Palast.
Wow! I guess it shouldn’t surprise me… there were 17 Democratic Senators & I believe 33 Democratic Congresspersons who voted to gut Dodd-Frank. Another politician just trying to make money despite potential consequence. It is a shame! You & Sen. Warren were right on the money (no pun intended).
11:34 AM - Mar 14, 2023
0
0

 

{{ notificationModalContent }} {{ promptModalMessage }}