Family farm. The big banks dont Pay Attention to that, only Community Banks do. A couple years later with the help of these kinds of loans from these local banks, these socalled pipe dreams in these small towns and Rural Counties become successful businesses. They become job creators. These are the ultimate Success Stories that our communities in america are built upon. This is why the financial choice act is so important. It helps Community Banks and the Small Business that is absolutely depend on them, it helps them thrive. It protects consumers by increasing accountability and transparency over the wider financial sector. And it also repeals too big to fail. The rules codified by doddfrank that have left taxpayers on the hook for too long. Ultimately the financial choice act is a jobs bill. It is one that will bring hope back to main street. It is easy to talk about the economy and regular regulations as series of numbers. It is easy to talk in vague terms about job creators and Sma
Family farm. The big banks dont Pay Attention to that, only Community Banks do. A couple years later with the help of these kinds of loans from these local banks, these socalled pipe dreams in these small towns and Rural Counties become successful businesses. They become job creators. These are the ultimate Success Stories that our communities in america are built upon. This is why the financial choice act is so important. It helps Community Banks and the Small Business that is absolutely depend on them, it helps them thrive. It protects consumers by increasing accountability and transparency over the wider financial sector. And it also repeals too big to fail. The rules codified by doddfrank that have left taxpayers on the hook for too long. Ultimately the financial choice act is a jobs bill. It is one that will bring hope back to main street. It is easy to talk about the economy and regular regulations as series of numbers. It is easy to talk in vague terms about job creators and Sma
Well show you that debate with comments from house speaker, paul ryan. Small businesses are struggling. Invest, or get the loans need to get ohe ground. Families looking to keep their money safe are hit with fees they cant afford. Why is this . Our Community Banks are in trouble. They are being crushed by the costly rules imposed on them by the doddfrank act. This law may have had good intentions, but its consequences have been dire for main street. Let me put it this way. It is more than 1,000 pages long and has more rules and regulations than any other obama era law. The burdens created are real and deep. These costs are unsustainable for small Community Banks who simply cannot afford to meet all the requirements and cant hire a team of lawyers to decipher the seemingly endless rules. What do they do . They hunker down, they are unable to loan out money, or worse, they are shutting down. The choice act reins in dodd frank. It delivers the regular toward relief these small banks so de
China a currency manipulator. We are 30 minutes away from the open of trading this friday in china and hong kong. It has been a pretty tepid day across markets in asia, really pulling back in terms of risk appetite. Sophie is taking a look at how the markets are faring. Asia, major markets in in the red. We have the dollar holding up following Steve Mnuchins remarks. Areo have resources stocks on asian markets this friday, this as the commodity rally is seeming to stop. In japan, the nikkei 225, lower for a third day, but toshiba, 8 , thisgains of coming from news that it is weighing a westinghouse chapter 11 bankruptcy as an option. Toshiba shares, certainly in focus given the story around not only its westinghouse unit but its chip stake sale. We also have the kospi snapping a fourday advance. Extending theg, 8 , drop. It is due to be listed march 7. In australia, the a sx 200, being dragged a six 200, being dragged by copper and iron ore prices slumping. Both gold and crude hold gai
Blooming philippine market running out of steam. Me on twitter. Markets in hong kong getting under way at the bottom of the hour. Malaysia just coming online. A is about the pound, recovery, the biggest plunge since the brexit. The pound just plunging, as much as 1 one point. The big question, what happened . Because of sensitive worries about a possible hard brexit. First we heard from mitsubishi, this drop could be treated as a wrong order. Of course, we saw a plunge, and it is retracing those losses. Now we are hearing from dealers that it was a failure of the algorithm, that things got worse because liquidity disappeared and we saw those deals not being able to load the bids on their platforms. And in the overthecounter market being triggered, 1. 23. , a cap tradersy theept traders japanese yen against the dollar was not even moving. That is not the case anymore because it is strengthening. 25 for the first time in nine days, reversing eight days of a recess and halting that longes