……..And hide it under your bed?
Credit Suisse shares plunge as bank fear widens who could be next?
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Is it time to put your money in a sock..?
2023-03-15 16:02:37
2023-03-15 18:11:07
In reply to Casper
Too big to fail. What happen to the new standard, was it Bazel II?
2023-03-15 18:15:45
In reply to camos
Trump and dem gutted the regulations that was supposed to prevent another 2008 meltdown...and it happened again!!
2023-03-15 18:30:09
In reply to Larr Pullo
We won't blame Trump for this one. Instead, we'll blame the Democrats who supported the bill.
Senate Passes Bill To Deregulate Banks With Democrats' Help
The bill sailed through the Senate thanks in large part to backing from a mix of centrist and red-state Democrats, who argued that small and regional banks had nothing to do with the excesses of Wall Street prior to the 2008 recession.
Those Democrats also touted several new “consumer protections” in the bill. While the legislation delivers favors to banks, it ostensibly cracks down on credit monitoring companies like Equifax, which exposed millions of consumers’ financial information to hackers last year. One provision would require such firms to give customers free credit freezes, although critics have complained that measure would also pre-empt more generous state laws and still allow employers and insurance companies to look at otherwise frozen credit reports. The bill also gives Equifax and other credit monitoring firms a leg up in the mortgage business.
Those Democrats also touted several new “consumer protections” in the bill. While the legislation delivers favors to banks, it ostensibly cracks down on credit monitoring companies like Equifax, which exposed millions of consumers’ financial information to hackers last year. One provision would require such firms to give customers free credit freezes, although critics have complained that measure would also pre-empt more generous state laws and still allow employers and insurance companies to look at otherwise frozen credit reports. The bill also gives Equifax and other credit monitoring firms a leg up in the mortgage business.
2023-03-15 18:38:16
In reply to Drapsey
The bill sailed through the Senate thanks in large part to backing from a mix of centrist and red-state Democrats, who argued that small and regional banks had nothing to do with the excesses of Wall Street prior to the 2008 recession.
Those are the ones you have to watch. Elizabeth Warren for President, only she could save us...
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