Senate Passes Banking Deregulation Bill

My head is spinning from all this winning: the Trump tax cuts, the end of the defense sequester, Larry Kudlow in charge of the economy and now the Republican Congress passing bipartisan banking deregulation on the 10 year anniversary of the collapse of Bear Stearns:

“President Donald Trump and other supporters of the major banking bill that cleared the Senate on Wednesday say they want to rescue the nation’s lenders from a crush of regulations.

But far from being crushed, the industry looks more like it’s booming.

Banks have hauled in record profits for the last three years and will be among the biggest winners under the new tax-reform law. Their loans are growing by 4 to 5 percent a year, well within historical norms. And even community banks, which the bill’s backers say they’re most concerned about, are making money. …”

What is the Republican Congress planning to work on next? I can hardly contain my excitement. More tax cuts of course. Maybe a cut in the capital gains tax rate this time.

Note: I’m recovering from the biggest political hangover of my life. In hindsight, I couldn’t have been more wrong about Donald Trump. POPULISM, LMAO!


Source: Occidental Dissent

Sponsored Links

Be the first to comment

Leave a Reply

Your email address will not be published.


*