Republican politicians are singing the applauds of Alan Greenspan right now as he calls for substantial monetary deregulation. Yes, that Alan Greenspan. The person that helped collapse our economy in 2008. Cenk Uygur, John Iadarola, Michael Shure, and Amna Nawaz, hosts of The Young Turks, discuss. Inform us what you think in the comment area listed below.
" President Trump, who has actually promised to take apart the landmark Dodd-Frank monetary reform law, took purpose at two of its pillars Friday.
Throughout a look at the Treasury Department, Trump authorized two governmental memos getting six-month testimonials of the 2010 legislation's authority for regulatory authorities to designate huge companies as a threat to the economic system and to try to close them with minimal civilian casualties if they get on the brink of stopping working, the White Residence said.
Although the guidelines were made to finish the trouble of too-big-to-fail banks, Republicans have whined they do the opposite since the federal government would certainly still tip instead of let a firm come under personal bankruptcy.
" These regulations enshrine too-big-to-fail and also encourage dangerous habits," Trump said." *.
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Hosts: Cenk Uygur, John Iadarola, Michael Shure, Amna NawazCast: Cenk Uygur, John Iadarola, Michael Shure, Amna Nawaz.
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Young Turk (n), 1. Young progressive or anarchical participant of an organization, movement, or political party. 2. A young person who rebels against authority or social expectations.( American Heritage Dictionary).