House Republicans Pass Bill to Rip Up Post-Crisis Bank Rules

originally posted by: Krazysh0t

originally posted by: toysforadults
a reply to: Krazysh0t

Believe what you want, but you are the one who admitted not knowing whats in the bill in the thread already. Not me. You also wrote a thread about the bill being repealed without knowing what's in the bill. Not me. Your embracing of ignorance is on display publicly already. Not me.

Flat out lies. Answer my last post.

Really? Must have been some other poster named toysforadults that said this:

Care to explain the mechanics behind Dodd Frank and how effective it was??

This is what it looks like to take a proper position and defend it in a debate on ATS.

Copying and pasting other people's text with little to no words or opinions of your own suggesting you understood it? I've been at ATS for a while now, but when did debate position quality become so low standard?

Bahahahaha.

originally posted by: Krazysh0t

originally posted by: toysforadults

originally posted by: Krazysh0t
a reply to: Throes

I know you didn't. I did. I see that problem as a loophole that can be closed. The Dodd-Frank bill could be edited to be a tiered approach so it isn't so relentless to the smaller banks.

It's a 2,300 page document the bill was garbage and needed to be repealed.

Make better choices with your money and stop blaming the banks for your ill informed risk taking behavior.

HA! I don't trust banks even with Dodd Frank. That's why I don't have any credit accounts. I used to work for Bank of America (during the 2008 crash even). I know ALL about big banks' shady practices to rip off their customers.

Oh look at that! The free market at work!

Damn how Democrats love the things they hate.

originally posted by: Throes

originally posted by: toysforadults
a reply to: Throes

It also affects small business as well. It limits their means of obtaining credit even in small sums which prevents them from taking on more business.

The biggest thing here is it's not up to the government to tell us what risk we can take with out assets, it's not up to them to tell the banks what risk they can take either.

The takeaway is that if you make bad choices with your money and assets you lose them. You adapt and the free market moves on. It's very simple.

I'm a Libertarian, I agree.

When YOU are YUUUGE and make disasterous financial decisions...it can IMPACT a ton of people.

There is a MORAL and SOCIAL responsibility to the public of a country when so much MONEY is being moved around.

Big Banks? They have NONE. Someone has to REMIND them of their obligation to being GOOD citizens (since corps are people now).

a reply to: DanteGaland

Morality and feelings have no place in how things fundamentally work. Big banks make bad choices and it enables smaller banks to purchase their assets when they fail and implement their more effective business model and increase their profitability.

a reply to: toysforadults

I'm not a Democrat and not trusting big banks has nothing to do with the free market. In fact it has to do with the fact that the government has made it legal for banks to gamble with my money, lose it, then have the public share the loses. Something that isn't anywhere CLOSE to a free market.

originally posted by: toysforadults
a reply to: DanteGaland

Morality and feelings have no place in how things fundamentally work. Big banks make bad choices and it enables smaller banks to purchase their assets when they fail and implement their more effective business model and increase their profitability.

Except this doesn't happen. The big banks were deemed too big to fail and were given the biggest slice of welfare this country has ever seen so they wouldn't fail and be acquired by smaller banks. Part of Dodd-Frank was to put brakes on the banks' activities so that we could unravel this concept of "too big to fail", but that didn't happen thanks to banks' lobbying.

a reply to: Krazysh0t

You stated that you choose not to have credit accounts due to the practices of banks. That's called the free market where you have the choice to not invest into a company that doesn't have a business model that you agree with.

That's how it works.

a reply to: Krazysh0t

It doesn't happen because of bailouts and big government regulations not because there isn't smaller banks willing to purchase the assets.

a reply to: toysforadults

No. That is called making a decision because the market isn't free. Clearly you have no idea what a "free market" even is.

a reply to: Krazysh0t

Wow.

originally posted by: toysforadults
a reply to: Krazysh0t

It doesn't happen because of bailouts and big government regulations not because there isn't smaller banks willing to purchase the assets.

Which isn't indicative of a free market.

a reply to: Krazysh0t

I KNOW THAT'S WHY I AM ADVOCATING FOR A FREE MARKET DUHHHH

a reply to: toysforadults

No. You are advocating to remove the protections that consumers have against banks' shady business practices. There is nothing in the OP about removing assistance for the banks

Oh and now you are clearly triggered, Captain Caps lock.

Lack of regulation is precisely what led to the crisis in the first place.

If anything there needs to be a great deal more regulation and restriction on the financial sector, worldwide.

Those privately owned central banks in an ideal world should be nationalised. But good luck doing that in countries where they hold all the power.

originally posted by: toysforadults
a reply to: Krazysh0t

I KNOW THAT'S WHY I AM ADVOCATING FOR A FREE MARKET DUHHHH

If the free market allows a cabal of parasitic fifth rate thieves and usurers to steal what little wealth the poor and vulnerable have so that they can feather their already substantial nests & those of their vulture-like friends then I think everyone is better off without it.

a reply to: Ohanka

Consumers need to shoulder the responsibility of the free market.

It can't work without your consent.

It forces consumers to have to act intelligently.

The banks can't FORCE you to sign on the dotted line you choose to do that yourself.

Good job with the virtue signalling though, probably stirred up a lot of emotion.

a reply to: toysforadults

Good stop regulating everything out of existence and allow the free market to dictate our path.

Go ask the people that lived through the depression how great it was to let banks do whatever they pleased. Banks should be the most heavily regulated business in the nation. We should have executed the bankers that caused the last crash but that idiot Bush bailed them out instead.

a reply to: buster2010

The banks can't do anything without your compliance.

originally posted by: toysforadults
Consumers need to shoulder the responsibility of the free market.

Which one?

originally posted by: toysforadults
a reply to: buster2010

The banks can't do anything without your compliance.