Less bank rules mean more bank crashes. Cenk Uygur, host of The Young Turks, breaks it down. To get even more TYT in your life, go to and download our free app! Read more here: "Alexandria Ocasio-Cortez is the first Democrat in years to challenge Crowley’s reign over New York’s 14th Congressional District, which includes parts of Queens and the Bronx. A 28-year-old community organizer, her drive to enter public office was shaped by a series of events that began to unfold at the height of the 2008 recession, she told The Intercept in an interview at a diner in Queens. That fall, she was a 19-year-old undergrad at Boston University. She remembers getting an emergency call from her mother while sitting in an economics class. She hopped in a taxi, took the next flight home, and went straight to the hospital to see her father. He died on September 9, and she felt she could only take a week off of school. “I come from a working-class background, so you don’t really get a ton of time to mourn,” she said.”* Hosts: Cenk Uygur Cast: Cenk Uygur *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. Subscribe to The Young Turks on YouTube: Like The Young Turks on Facebook: Follow The Young Turks on Twitter: Buy TYT Merch: Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at Your membership supports the day to day operations and is vital for our continued success and growth. Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)...(read more)
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Since the beginning of his presidency, Donald Trump has been pushing for the deregulation of the banking industry. He believes that fewer regulations will encourage banks to lend more money, which in turn will stimulate economic growth. However, many financial experts argue that this strategy is a recipe for disaster. They believe that Trump's deregulatory policies are setting the stage for another financial crisis, which could result in a repeat of the bank bailouts that occurred during the 2008 recession. One of Trump's major deregulatory moves was to sign the Economic Growth, Regulatory Relief, and Consumer Protection Act in May 2018. The law loosened regulations on banks with less than $250 billion in assets, exempting them from some of the strictest rules put in place after the 2008 financial crisis. Critics argue that these regulations were implemented for a reason, as they were designed to protect consumers from the reckless behavior of banks and prevent a repeat of the 2008 crisis. By rolling back these regulations, Trump is putting the financial system at risk once again. In addition, Trump has signaled that he is willing to weaken the Consumer Financial Protection Bureau (CFPB), the agency created to protect consumers from predatory lending and other financial abuses. The CFPB has been particularly effective in cracking down on payday lenders, who have been accused of preying on vulnerable consumers with high-interest loans. By making it easier for these lenders to operate, Trump is exposing consumers to more risks and increasing the likelihood of another financial meltdown. Moreover, if consumers are unable to repay their loans, it could lead to a ripple effect that puts stress on the entire financial system. Finally, Trump's trade policies could also contribute to an economic downturn. By imposing tariffs on Chinese goods and other imported products, he is jeopardizing the supply chain for many industries. Companies may have to pay more for raw materials, leading to higher prices for consumers and lower profits for businesses. This, in turn, could lead to layoffs and a slowdown in economic activity. All these factors combined set the stage for another economic crisis, which could end up costing taxpayers billions of dollars in bank bailouts. As we have seen in the past, when banks fail, it's the taxpayers who are left to bear the burden. Trump's deregulatory policies may benefit banks in the short term, but they come at a high cost to the rest of the economy. In conclusion, Trump's deregulatory policies are setting the table for another financial crisis. If he continues on this path, it's not a matter of if a recession will happen, but when. The next economic downturn could require another round of taxpayer-funded bank bailouts, which is unacceptable. It's time for Trump to rethink his approach to banking regulation before it's too late. https://inflationprotection.org/trumps-actions-pave-the-way-for-another-market-crash-and-bank-rescues/?feed_id=105316&_unique_id=6480a540b5fb7 #Inflation #Retirement #GoldIRA #Wealth #Investing #180524_TA05DoddFrank #Billionaires #CenkUygur #deficit #democratic #doddfrank #DoddFrankrepeal #donaldtrump #GaryCohn #goldmansachs #GOP #liberal #news #politics #progressive #Republican #republicantaxplan #stevemnuchin #supplyside #swamp #taxbreaks #taxcuts #taxreform #theyoungturks #trickledowneconomics #trickledown #trump #TrumpDoddFrank #trumptaxbill #tyt #TYTNetwork #BankFailures #180524_TA05DoddFrank #Billionaires #CenkUygur #deficit #democratic #doddfrank #DoddFrankrepeal #donaldtrump #GaryCohn #goldmansachs #GOP #liberal #news #politics #progressive #Republican #republicantaxplan #stevemnuchin #supplyside #swamp #taxbreaks #taxcuts #taxreform #theyoungturks #trickledowneconomics #trickledown #trump #TrumpDoddFrank #trumptaxbill #tyt #TYTNetwork
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