Republicans Busy Helping Banks Screw You

ALTHOUGH HE SEEMS TO NOTICE AND FEWER STILL ARE TALKING ABOUT
IT, THE REPUBLICANS IN CONGRESS
ARE ACTUALLY WORKING ON A BILL, THE FINANCIAL CHOICE ACT THAT
WOULD STRIP AWAY MOST OF THE SUBSTANTIVE WALL STREET REFORMS
THAT WE ARE ABLE TO GET, THE FEWER WE ARE ABLE TO GET AFTER
THE GREAT RECESSION NOT SO LONG AGO.
IN THIS VIDEO WE'RE
GOING TO BREAK DOWN SOME OF THE HIGHLIGHTS OF IT STARTING WITH
THIS: IT WOULD WEAKEN THE
CONSUMER FINANCIAL FOR OBAMA AGAIN UNDER THE CONTROL OF THE
EXECUTIVE BRANCH.
CURRENTLY IT IS AN INDEPENDENT AGENCY.
IT WOULD BE ANOTHER PURVIEW OF THE PRESIDENT FROM NOW ON AND
IN FACT THE PRESIDENT COULD UNILATERALLY CHOOSE TO REMOVE
THE HEAD OF IT, A POWER THEY DON'T CURRENTLY HAVE.
THAT IS AN ORGANIZATION OBVIOUSLY THAT HAS ONE MAJOR
BATTLES IN TERMS OF CREDIT CARD FEES AND THINGS LIKE THAT.
TO PROTECT THE CONSUMERS WHEN IT COMES TO THE FINANCIAL SECTOR
AND WE HAD A LONG BATTLE TO GET IT SET UP IN THE FIRST PLACE.
NOW IT MIGHT STILL EXIST UNDER THIS, BUT IT SEEMS LIKE IT
WOULD BE PARTIALLY DEFAMED THE
ANYTIME YOU HAVE AN ACT, AND AT WILL EMPLOYEE FOR A MAYOR
FOR A COMMISSIONER OR PRESIDENT, THEY ARE NOT ACTUALLY WORKING
FOR ANYBODY.
THEY ARE A DIRECT REPRESENTATION OF THE PRESIDENT.
ALL IT WOULD BE WAS A MOUTHPIECE OF FOR THE EXECUTIVE BRANCH OF
A PASS THIS OBVIOUS REASONS.
THEY DON'T EXACTLY WHAT THE PRESIDENT WANTS THEM TO SAY
GOODBYE, YOU ARE GONE.
WHEN YOU HAVE APPOINTMENTS, IT IS ALL MOOT POINT.
I ALSO THINK PEOPLE SHOULD BE INTRINSICALLY WARY THAT ANY OF
THESE BIG REPUBLICAN INITIATIVES HAVE ANY REAL LIKELIHOOD TO GET
PAST BECAUSE THE REPUBLICAN PARTY HAS SHOWN ITSELF TO NOT BE
A COHERENT GOVERNING UNIT AT THIS POINT AT LEAST WITHIN
CONGRESS.
WE SAW THAT WITH HEALTHCARE, WE SAW IT WITH OTHER ISSUES AND
THEN HE HAD JUST YESTERDAY, YOU HAVE REPUBLICANS IN CONGRESS
WORKING ON HIS ABILITY REGULATE WALL STREET JUST YESTERDAY
TRUMP GAVE A BLITZ OF INTERVIEWS AND ONE POINT HE SAID HE IS
CONSIDERING REINSTATING GLASS-STEAGALL AND BREAKING UP
THE BIG BANKS.
WHO KNOWS OF THAT RHETORIC IS ACTUALLY TATTERED TO ANYTHING
OF SUBSTANCE BUT IT STILL SHOWS OUTCOME LOCATED THIS PROCESS
IS EVEN WITHIN THE GOP TO COME UP WITH SOME KIND OF UNIFIED
POLICY PROGRAM.
BUT IT IS INTERVIEWS HE ALSO SAID THAT THE CURRENT AH CA
PROTECTS THOSE WITH PRE-EXISTING CONDITIONS.
IS ENTIRELY POSSIBLE THAT HE HAS NO IDEA WHAT IS GOING ON WHICH
PLACE YOUR POINT, IT'S NOT COHERENT.
IT'S ENTIRELY POSSIBLE THAT IT COULD FAIL, MOST OF THEIR
THINGS HAVE FAILED.
WE WERE WORRIED THAT THE OBAMA CARE REPEAL COULD GO THROUGH
BUT IN THIS CASE AND THINK THERE'S A CHANCE BECAUSE THERE
ARE FEWER REPUBLICANS ARE WILLING TO GO AGAINST IN THIS
CASE DOTSON ISSUE THAT PEOPLE TALK ABOUT LESS AND THE PUBLIC
OPINION IS IN A STRONG IN REGARD TO IT, KEEPING THE PROTECTIONS
THAT I THINK SOMETHING LIKE PRE-EXISTING CONDITIONS OF
THINGS LIKE THAT THAT
THIS IS ALL PART OF THE SYSTEM.
I'M ALWAYS HARPING ON HOW THEY TIE IN THE ONE ANOTHER.
FOR INSTANCE WITH THE HOUSING BUBBLE WE HAD BEFORE THE
DEREGULATION IN THAT ASPECT, THERE WERE A LOT OF BLACK
COMMUNITIES THAT HAD UP TO 70%
OF THEIR WELL TAKEN FROM THEM SO THAT WHEN YOU TALK ABOUT HOW A
SYSTEM ENTIRELY OPPRESSES, THE POINT OF THESE DEREGULATION IS
TO GET PROFIT FROM THE POOR TO THE RICH.
THAT IS THE ENTIRE POINT OF DEREGULATING ITS CUT THAT OUT
THAT THE NEW OPPRESSED PEOPLE MORE MARGINALIZED THEM MORE,
SAYING WE NEED MORE POLICE TO CONTROL IS FOR PEOPLE WHO ARE
TRYING TO GET A PIECE OF THEIR PIE.
IS A SYSTEM THAT WORKS QUITE WELL IN THAT WAY THE
IS A LOT HARDER TO PERSONALIZE OBSCURE FINANCIAL REGULATIONS
AS OPPOSED TO SAY HEALTHCARE WERE LOTS OF PEOPLE KNOW SOMEONE
WITH A PRE-EXISTING CONDITION IF THEY DO HAVE ONE HIMSELF.
I THINK YOU ARE RIGHT THAT THERE IS A POSSIBILITY COULD BE
EASIER TO PLACATE MEMBERS OF THE REPUBLICAN CAUCUS WHO DON'T
HAVE TO WORRY ABOUT CONSTITUENTS GETTING AS AGITATED ABOUT THIS
AS THEY DID HEALTHCARE, BUT AT THE SAME TIME, JUST GENERALLY
OFTEN PEOPLE SHOULD BE WARY ABOUT HOW DYSFUNCTIONAL THEIR
PUBLIC AND CAUCUSES AT THIS POINT WHEN THEY TALK ABOUT
THESE PROPOSALS AND WHETHER THEY COULD ACTUALLY BE IMPLEMENTED
INTO LAW.
OR UNDERESTIMATED BY OF STUPID.
JUST IN CASE, LET'S GO OVER A FEW MORE.
AS WE GO THROUGH THESE, BEAR IN MIND THAT THE ORGANIZATION THAT
THEORETICALLY WOULD BE AROUND TO PROTECT YOU AFTER THESE CHANGES,
THE CONSUMER PROTECTION BUREAU IS NOT GOING TO EXIST AFTERWARD
BUT WE HAVE FUN LITTLE BIT LIKE ILLUMINATED THE VOCAL RULE WHICH
BARS COMMERCIAL BANKS FROM ENGAGING IN CERTAIN TYPES OF
RISKY OR SPECULATIVE INVESTMENTS IN THE PEOPLE FEEL LIKE IT WAS
THAT KIND OF BEHAVIOR THAT CONTRIBUTED STRONGLY TO THE
RECEPTION THAT YOU HAVE THE WEAKENING OF THE TYPICAL FAILED
TEST FOR BEST THEY COULD PROVE TO BE A SYSTEMIC REST OF THE
ENTIRE SYSTEM AND DOUBLES THE TIME BETWEEN THOSE TESTS AND
TAKES AWAY ANY CONSIDERATION OF WHAT ARE CONSIDERED QUALITATIVE
MEASURES OF WEATHER MAKE IT TOO BIG TO FAIL OUTSIDE OF JUST THE
BOTTOM LINE THOUGHT IT ALSO REMOVES THE ABILITY OF THE
FEDERAL GOVERNMENT TO LIQUIDATE BANKS THAT ARE JUDGED TO BE TOO
BIG TO FAIL THAT WHETHER THE TEST IS THERE ARE NOT BECOMES
IRRELEVANT WHEN THEY CAN'T DO ANYTHING ABOUT IT AND ON A
PERSONAL LEVEL, IT WOULD ALLOW BANKS AND CREDIT CARD AGENCIES
TO INCREASE DEBIT AND CREDIT CARD FEES POSSIBLY IN A LARGE
WAY.
THERE A LOT OF PEOPLE THE DAY-TO-DAY, THAT IS A YOU
INTERFACE ECONOMICALLY WITH THE WORLD'S THIRD DEBIT AND CREDIT
CARDS AND THAT MONEY CAN REALLY ADD UP.
SOMETIMES TO COME YOU THINK ABOUT DEBIT CARDS FOR WELFARE
PROGRAMS FOR EXAMPLE.
WHEN THEY INCREASE THOSE TRANSACTION FEES, THOSE COME
OUT OF THOSE PAYMENTS IN A DIRECT CIPHERING OF BENEFITS
TO THOSE RICH PEOPLE AGAIN SO IT IS ALL DESIGNED FOR THIS.
IT
IS SO FRUSTRATING TO KEEP SEEING IN SO MANY AVENUES THAT
IT'S SWITCHING A LITTLE BIT OF OFFER FROM THE PEOPLE WHO
NEED IT TO THE BANKS.
AND ACTUALLY, THE ISSUE WITH FEES IN TERMS OF CREDIT CARDS
AND DEBIT CARDS, THAT ACTUALLY IS AN AVENUE THERE WHICH YOU
COULD POTENTIALLY PERSONALIZE THIS SORT OF ISSUE RATHER THAN
TALKING IN ABSTRACT TERMS ABOUT REGULATION AND EVEN THE
CONSUMER PROTECTION BUREAU IS A LITTLE HARD FOR AN ORDINARY
PERSON TO GRASP THE MEANING OF EVERYBODY KIND OF UNDERSTANDS
INTUITIVELY WHAT INCREASED FEES ON THE CREDIT CARD MEANS THAT
START TALKING ABOUT OVERDRAFT PROTECTION AGAIN.
WE GOT THAT THINKS THE CFPB THAT WE DIDN'T USED TO HAVE THAT THAT
I WAS HIT ONCE BY DIPPING DOWN BELOW, THE FINANCIAL INDUSTRY,
IF YOU HAVE A WHOLE BUNCH OF, USED TO LIVE ON THE BRINK EVERY
MONTH I GREW UP POOR SO IF YOU DIP DOWN BELOW THE AMOUNT OF
MONEY YOU HAVE, THEY WOULD RE-ORIENT THE TIMING OF YOUR
PURCHASES SO THAT AS MANY AS POSSIBLE TRIGGER AFTERWARD TO
GET CHARGE THE FEE IS MANY TIMES AS POSSIBLE.
THAT IS THE SORT OF STUFF THAT SHOULD'VE BEEN LEGAL AND
THANKFULLY NOW ISN'T THAT PERHAPS WERE BEING TOO HARD ON
THEM BECAUSE REPRESENTATIVE JEB HENCE ROLLING, REPUBLICAN SAYS
THAT WE'RE GETTING IT ALL WRONG.
THERE'S A REASON THEY'RE GOING TO BE TAKING WITH HIS
PROTECTIONS AND HAS NOTHING TO DO WITH BANKS.
HE SAYS REGRETTABLY, THINGS TO DODD FRANK, TOO MANY GARAGES
IN OUR NATIONS ARE FULL OF OLD CARS INSTEAD OF NEW STARTUP
SMALL BUSINESSES DOTSON FOR THE BAILOUTS TO IN.
IT'S TIME TO
HELP SMALL BUSINESSES ON MAIN STREET.
YES, BECAUSE IF I WERE GOING TO CLEAR MY GARAGE, WHICH I DON'T
HAVE, WITH A STARTUP I WOULD BE WORRIED ABOUT
REQUIREMENTS FOR BIG BANKS.
WHEN I READ THAT THAT THAT IS INTERESTING, HE SEEMS
PASSIONATE ABOUT THIS.
I WONDER THEORETICALLY THERE'S ANY FINANCIAL REASON THAT HE
WOULD BE SAYING THE THINGS HE DID SO I LOOKED UP TO THE
DONOR INFORMATION FOR HIM BETWEEN 2015 2016.
SECURITIES INVESTMENT COMMERCIAL BANKS, NEARLY $1
MILLION WHICH IS A GIGANTIC PORTION OF ALL THE MONEY THAT
HE ACTUALLY RAISE BETWEEN 2015 AND 2016.
TAKE HIS COMMENTS WITH THE BIG OLD GRAIN OF SALT.

Republicans Busy Helping Banks Screw You

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