Hands up folk who know what; uptick, back testing, fill or kill (FOK) mean? And no; the latter isn't the Irish way of saying a well know Anglo Saxon four letter naughty word. They are common stock broker terminology
Today - when not picking a fight with America's allies - Trumpers will sign an executive order to water down the 2010 Dodd-Frank financial regulatory framework put into effect in response to the last financial crisis, this according to a report from The Wall Street Journal.
"Americans are going to have better choices and Americans are going to have better products because we're not going to burden the banks with literally hundreds of billions of dollars of regulatory costs every year," White House National Economic Council Director and former Goldman Sachs Chief Operating Officer, Gary Cohn, is quoted as having said.
Hmm...I think Trumpers is misleading us a tad; for as most of us already know, the financial sector has a wee problem with "self regulation"- or simply put, leaving the foxes to look after the chickens has never proved very successful.
One could say: "Americans are going to have better ways of: going bankrupt, losing their houses in yet another too-big-to-fail financial crash; be made to bail out the greed fueled banks as the wizards of finance have once again screwed the country etc...
Dodd-Frank was put in place because the financial sector has a tendency to behave like crystal meths bingers; so tell me Trumpers, what has changed?
Today - when not picking a fight with America's allies - Trumpers will sign an executive order to water down the 2010 Dodd-Frank financial regulatory framework put into effect in response to the last financial crisis, this according to a report from The Wall Street Journal.
"Americans are going to have better choices and Americans are going to have better products because we're not going to burden the banks with literally hundreds of billions of dollars of regulatory costs every year," White House National Economic Council Director and former Goldman Sachs Chief Operating Officer, Gary Cohn, is quoted as having said.
Hmm...I think Trumpers is misleading us a tad; for as most of us already know, the financial sector has a wee problem with "self regulation"- or simply put, leaving the foxes to look after the chickens has never proved very successful.
One could say: "Americans are going to have better ways of: going bankrupt, losing their houses in yet another too-big-to-fail financial crash; be made to bail out the greed fueled banks as the wizards of finance have once again screwed the country etc...
Dodd-Frank was put in place because the financial sector has a tendency to behave like crystal meths bingers; so tell me Trumpers, what has changed?
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