Our Government is Currently Voting to Repeat the 2008 Financial Crisis by Deregulating the Dodd-Frank Act that Protects Consumers Like You & Me

in #news7 years ago (edited)

Earlier today, the Senate held its first floor vote on the Bank Lobbyist Act – their bill to roll back the Dodd Frank act.

As Trump and his swampy administration shows the smoke and mirrors with the Tariff War, they are quietly rolling back regulations that protect the average joe consumer.

“The single greatest contributor to the financial crises is the Federal Reserve manipulating interest rates in ways that distort the true price of capital.”

"In the aftermath of the 2008 financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) enhanced the CFTC’s regulatory authority to oversee the more than $400 trillion swaps market."

67 Senators – 50 Republicans, 1 Independent, and 16 Democrats – voted to move forward with the bill for a final vote later this week.

Share this image and spread the word before Thursday’s final vote!

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