Then you haven't been paying attention.
As a former regulatory liason for two giant banks, it's a good change of the rule.
Daily liquidity calculations are super arduous, cost lots of money, are not horribly accurate and don't offer much view into the bank that monthly calcs would provide.
But the optics of this are horrid because most americans are just going to see "going easy on wall st"
Cool title. Moving daily disclosures to monthly =! deregulation.
All of this. Quoting for new page.read both letters in full and don't see the issue. First letter has two points -- daily reporting is excessive and a more appropriate time period should be chosen and second, that the current method for calculating capital requirements should be revisited. Specifically, the letter argues against letting banks use their own internal models. The other letter just says the CFPB should include in any regulations tailored provisions for community banks (in accordance with the law).
What's the argument for bank deregulation? '2008 was like a million years ago, get over it already!'?
You guys really need to stop being one issue voters. Like read up on him before going WELP, TIME TO VOTE TRUMP. Tim Kaine was a pretty good governor of Virginia. He is immensely liked by African Americans and Hispanic communities. He worked as a missionary in Honduras. The dude helped with integrating public schools in VA. He is really well respected by Obama too. And he speaks fluent spanish.
npr
I don't understand at all how you can equate Trump's political views to fascism.
But, banking regulation is incredibly important. Not only to America, but to every single nation on earth. If we let another 2008 happen, we will all be fucked. This is why as a Canadian, I hate the idea of a Clinton presidency.
Why not? Trump has not shame in making hypocritical arguments.It wouldn't look good for her, but the GOP wouldn't be able to use it as a plan of attack to woo anyone because of Pence. And it's Vice President. His utility is for a few months this year and then again in 2020. Hillary still sets the agenda and I can't see her getting on board with this.
Its a two-party system. Trump is preferable to Hillary.
Saint Bernard will always be #1 in my heart though!
Perhaps not, care to show evidence?
You were simply looking for an excuse to (poorly) rationalize jumping to someone whom Bernie is personally repelled by and is the exact opposite of literally everything that he stands for. Such a dishonest, fear-mongering attempt at an initial thread title comes as no surprise from you.Its a two-party system. Trump is preferable to Hillary.
Saint Bernard will always be #1 in my heart though!
So nice to see how many NeoGAF posters are like, "well, I guess racism and fascism is bad, but ultimately I care just as much about an esoteric banking regulation I don't understand."
As a person of color and second generation immigrant I really appreciate your support. Glad to see you guys are real progressives.
Also nice to see that people are still taking Team Alucard seriously even though he's a white nationalist who has been concern trolling the liberals all year.
I don't understand at all how you can equate Trump's political views to fascism.
But, banking regulation is incredibly important. Not only to America, but to every single nation on earth. If we let another 2008 happen, we will all be fucked. This is why as a Canadian, I hate the idea of a Clinton presidency.
Being a bernie supporter and voting for trump? What kind of twisted logic is that?
LAW AND ORDERRR
(just watch his speech last night)
Rights are important, but sometimes I feel like they're a distraction from far bigger issues such as global warming and consolidation of wealth.
Does it matter who you can marry or which bathroom you can enter when your existence is threatened?
Payday lenders can take a flying fuck at the moon. They deserve no respect and I don't care if any state representatives thinks that no maybe things are different in their state.
We tried to restrict them in Ohio, so they started offering what are ostensibly "auto title loans" in order to keep their interest rates sky high.
They are opportunistic scum that prey on the disadvantaged, and we need to pressure every elected official to make them a thing of the past.
The part where he says that America is failing, only he can save it, we need to hate and fear minorities, and he doesn't believe in checks and balances or truth and falsity?
I don't understand how you can make this post and expect to be taken seriously. Have you considered literally watching anything Trump has ever said or done before you ask questions like this?
If you think banking regulation is so important, why haven't you bothered to spend any time actually understanding the topic or what the candidates would do?
Do you actually think it's important, or do you just have unformed feelings about the topic and think that people should consider them valid for some reason?
The part where he says that America is failing, only he can save it, we need to hate and fear minorities, and he doesn't believe in checks and balances or truth and falsity?
I don't understand how you can make this post and expect to be taken seriously. Have you considered literally watching anything Trump has ever said or done before you ask questions like this?
If you think banking regulation is so important, why haven't you bothered to spend any time actually understanding the topic or what the candidates would do?
Do you actually think it's important, or do you just have unformed feelings about the topic and think that people should consider them valid for some reason?
Yes, Hillary has promised to reform Wall Street but I find it a bit hard to believe her when she's been in bed with them already.
Here's the deal. You can not claim to care about Progressivism in this country and simultaneously threaten to vote third party during an election where the fate of the cause will be decided for the next several decades. There is no third option here. Your frustration does not change this. Your dislike of Hillary and/or her VP pick does not change this.As a minority as well, please stop with this garbage line of thinking. Stop trying to belittle and guilt people into voting for your chosen candidate; they have the freedom to vote third party if they so choose. You do realize not just white people are looking at other options, right?
If Hillary chooses this guy, I'm done. I already don't like her, but I'm pushing that aside and voting for her. This would probably be the nail in the coffin that makes me look at third party options.
Yes, Hillary has promised to reform Wall Street but I find it a bit hard to believe her when she's been in bed with them already.
"Nothing wrong with crashing the economy. Look how well we recovered!"
Yes, Hillary has promised to reform Wall Street but I find it a bit hard to believe her when she's been in bed with them already.
Been in bed how? Giving them speeches and lectures on including more women in management?
This particular policy might not be problematic but the priciple behind it that regional banks should not be regulated more heavily when they have particularly large assets is. Not a huge deal in the scheme of things but it shows the direction Hillary is going. Away from the progressive wing of the party. Just another reason for me to leave the presidential selection blank this november. I wish the people trying to guilt people into voting for hillary would save some blame for the party establishment for backing such a terrible candidate.Still waiting to hear from people how this would lead to another 2008.
My bad
Such a dishonest, fear-mongering attempt at an initial thread title comes as no surprise from you.
This particular policy might not be problematic but the priciple behind it that regional banks should not be regulated more heavily when they have particularly large assets is. Not a huge deal in the scheme of things but it shows the direction Hillary is going. Away from the progressive wing of the party. Just another reason for me to leave the presidential selection blank this november. I wish the people trying to guilt people into voting for hillary would save some blame for the party establishment for backing such a terrible candidate.
This particular policy might not be problematic but the priciple behind it that regional banks should not be regulated more heavily when they have particularly large assets is.
I wish the people trying to guilt people into voting for hillary would save some blame for the party establishment for backing such a terrible candidate.
No no.
LJUAWWWWWWWWWWWWWWWWWW
AAAAAAAAAND
ORDAAAAAAAAAAAAAAH
Been in bed how? Giving them speeches and lectures on including more women in management?
I'm sure if the speeches were that innocent, she would have released them long ago and used it to support her platform.
http://www.politico.com/story/2016/07/tim-kaine-banking-letter-225953In a statement, Kaine spokeswoman Amy Dudley argued the Virginian has a strong record on pushing stronger banking regulations.
"Sen. Kaine is a strong supporter of Dodd Franks financial protections because certain financial institutions wreaked havoc on the American economy, hurting millions of Americans in the process and believes we need strong rules‎ to stop that chaos from happening again," Dudley said. "The toughest regulation should be on the biggest and riskiest institutions. Credit unions, community banks and regional banks need to be carefully regulated, but the nature of the regulation can be different to ensure scarce resources are efficiently spent allowing regulators to focus on the bad actors."
Kaine was one of 70 senators who signed a one-page letter asking Consumer Financial Protection Bureau Director Richard Cordray to try to "prevent any unintended consequences that negatively impact community banks and credit unions or unnecessarily limit their ability to serve consumers," although the letter did not call for the rollback of any specific regulation.
Kaine also signed a second letter that called for changes to the rules governing how larger regional banks have to set up capital cushions to protect themselves against failure.
Written to the heads of the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency, the missive asked regulators to reconsider how they apply safeguards to the activities of regional banks meaning those that are bigger than the smallest, community lenders but smaller than international mega-banks such as JPMorgan Chase and Citigroup.
Kaine was one of four Senate Democrats signatories on the letter, including Sen. Mark Warner, a fellow Virginia Democrat. Kaine and Warner have a strong constituent interest because Capital One, the tenth biggest bank in the country by assets, is based in McLean, Virginia.
The senators asked regulators to reconsider aspects of two sets of rules designed to ensure that large banks have enough financial resources to withstand another crisis. Kaine did not endorse dramatic de-regulatory measures, but asked for changes for "regional banks that do not share the same risk profile or complexity as their larger, systemically important brethren."
The general idea is one that is also being advanced by top Fed officials who have repeatedly told Congress and the public that they are considering steps to differentiate the way rules apply to major Wall Street banks and their smaller competitors.
I'm sure if the speeches were that innocent, she would have released them long ago and used it to support her platform.
Clinton is in Orlando
Warren is in Orlando
Kaine is in Boston
Perez is in DC
Vilsack is scheduled to be in Missouri
This is basically how I feel about a lot of angry Democrats. It's understandable that people feel like our governing politicians are siding with The Enemy but a lot of the arguments for "banking regulation" really just fall apart upon scrutiny. And what's most infuriating is that when you scrutinize the platforms of the candidates and former candidates, it turns out that Hillary Clinton is literally the only one hitting the important stuff while simultaneously being informed about all of the possibilities and ramifications. It's really telling when Bernie Sanders couldn't explain how he's break up the banks but Clinton could!
Also lmfao at the thread title change.
I'm sure if the speeches were that innocent, she would have released them long ago and used it to support her platform.
I'm sure if the speeches were that innocent, she would have released them long ago and used it to support her platform.
I'm sure if the speeches were that innocent, she would have released them long ago and used it to support her platform.
I don't care if daily accountings are hard. They were meant to be punitive.
Here's the deal. You can not claim to care about Progressivism in this country and simultaneously threaten to vote third party during an election where the fate of the cause will be decided for the next several decades. There is no third option here. Your frustration does not change this. Your dislike of Hillary and/or her VP pick does not change this.
I don't particularly care about arguing with other people about what to do with their vote. Vote Green or Libertarian or Working Families or Constitution Party. Just stop grandstanding, and stop acting like these issues actually matter to you when you're willing to consign your vote on them to irrelevancy.
I don't care if daily accountings are hard. They were meant to be punitive.
The mental gymnastics you would have to go through daily to rationalize going from Sanders to Trump must be exhausting.
I don't care if daily accountings are hard. They were meant to be punitive.