Utopia Talk - Politics - BTW: Dodd Frank Will Be

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Utopia Talk / Politics / BTW: Dodd Frank Will Be

Hot Rod
Revved Up Thu May 24 09:53:24

partially rolled back in about 40 minutes when Trump signs the new law.

is a bi-partisan rollback. A number of Democrats voted for it in both Houses.

yankeessuck123
Member Thu May 24 14:37:51
Both parties are bought and paid for, of course.

This will plant the seeds of the next crash.

Paramount
Member Thu May 24 15:10:40
Sounds like Trump is gonna jump into the swap and swim around in it with his bankster hangarounds. And then Trumps voters will be forced to bail out the banks again when they are done robbing the country for a second time. LOL

Paramount
Member Thu May 24 15:11:19
*swamp

Hot Rod
Revved Up Thu May 24 20:39:03

yankee - This will plant the seeds of the next crash.

The seeds for the next crash was sewn in at the end of the last crash.

Have you noticed how the banks are strongly pushing credit cards? Bigger available credit lines. One I saw on TV extolling the perks showing the customer headed towards a private jet even.

Couple that with the interest rates of credit cards tied to the Prime Rate and there you have your next bubble.

The Prime rate went to about 22%, IIRC back in the 70's when there was an oil shortage coupled with the Iranian hostage crises. But our credit cards were not tied to the Prime then.

Say if the Prime was to repeat at 22%, add that to the rates for the higher risk credit cards where some of them are at 24% then you have a 46% rate for those least able to make their payments will renege on their debts. Not sure if student debt is tied to the Prime or not but if they are, Oh Brother. (And The Prime could conceivably go even higher. What if the Prime goes to 30% or more. It is conceivable.)

Next here comes the Banks with hat in hand looking for their "God Given" right to their bailouts. The bailouts will Probably exceed 2008's.

And what if President Trump says no, what then?

What then?

Hot Rod
Revved Up Thu May 24 20:50:26
*-payments who will renege on their debts.

show deleted posts

Hot Rod Revved Up	Thu May 24 09:53:24 partially rolled back in about 40 minutes when Trump signs the new law. is a bi-partisan rollback. A number of Democrats voted for it in both Houses.
yankeessuck123 Member	Thu May 24 14:37:51 Both parties are bought and paid for, of course. This will plant the seeds of the next crash.
Paramount Member	Thu May 24 15:10:40 Sounds like Trump is gonna jump into the swap and swim around in it with his bankster hangarounds. And then Trumps voters will be forced to bail out the banks again when they are done robbing the country for a second time. LOL
Paramount Member	Thu May 24 15:11:19 *swamp
Hot Rod Revved Up	Thu May 24 20:39:03 yankee - This will plant the seeds of the next crash. The seeds for the next crash was sewn in at the end of the last crash. Have you noticed how the banks are strongly pushing credit cards? Bigger available credit lines. One I saw on TV extolling the perks showing the customer headed towards a private jet even. Couple that with the interest rates of credit cards tied to the Prime Rate and there you have your next bubble. The Prime rate went to about 22%, IIRC back in the 70's when there was an oil shortage coupled with the Iranian hostage crises. But our credit cards were not tied to the Prime then. Say if the Prime was to repeat at 22%, add that to the rates for the higher risk credit cards where some of them are at 24% then you have a 46% rate for those least able to make their payments will renege on their debts. Not sure if student debt is tied to the Prime or not but if they are, Oh Brother. (And The Prime could conceivably go even higher. What if the Prime goes to 30% or more. It is conceivable.) Next here comes the Banks with hat in hand looking for their "God Given" right to their bailouts. The bailouts will Probably exceed 2008's. And what if President Trump says no, what then? What then?
Hot Rod Revved Up	Thu May 24 20:50:26 *-payments who will renege on their debts.
	show deleted posts

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