Ensuring that our Financial System facilitates job creation, Economic Growth, and fairness. Nearly 10 years ago the American Economy cratered. The Great Recession of the late 2000s revealed that our Financial System was fragile and Many Americans got the short end of the stick. In 2010, the democrats passed h. R. 4173, the doddfrank wall consumer rm and protection act. They promised the bill would lift the American Economy. Wall omised an end to street bailouts. They promised to protect consumers. Seven years later we know that these promises never came true. Due to doddfranks wall excessive outs. Regulatory burden, big banks are getting bigger while small banks and Credit Unions are disappearing. They have only been six new Bank Charters since doddfrank, a drastic decline from the 170 on average per year before the bill. In fact, 43 of the banks with assets under 1200 million have disappeared. 100 million have disappeared. Large banks survived because hey can afford armies of lawyers
Ensuring that our Financial System facilitates job creation, Economic Growth, and fairness. Nearly 10 years ago the American Economy cratered. The Great Recession of the late 2000s revealed that our Financial System was fragile and Many Americans got the short end of the stick. In 2010, the democrats passed h. R. 4173, the doddfrank wall consumer rm and protection act. They promised the bill would lift the American Economy. Wall omised an end to street bailouts. They promised to protect consumers. Seven years later we know that these promises never came true. Due to doddfranks wall excessive outs. Regulatory burden, big banks are getting bigger while small banks and Credit Unions are disappearing. They have only been six new Bank Charters since doddfrank, a drastic decline from the 170 on average per year before the bill. In fact, 43 of the banks with assets under 1200 million have disappeared. 100 million have disappeared. Large banks survived because hey can afford armies of lawyers
This weekend, booktv is live from the 33rd annual Chicago Tribune printers row lit fest in chicago. Our coverage starts today at 11 00 a. M. Eastern with author Mary Dearborn with her book, ernest hemingway, a biography. At noon, abram candy and his book. Followed at 1 00 by Michael Eric Dyson with his book, tears we cannot stop, a sermon to white america. And at 4 00, Sidney Blumenthal with his book. On sunday, our coverage continues at 11 00 a. M. Eastern with heather and thompson and her book, lead in the water, the attica prison uprising of 1971 and its legacy. At 2 00, Jeffrey Stone with his book. Then at 3 00, former congressman. Rey radel with his book at 4 00, author thomas riggs with his book, churchill and orwell, the fight for freedom. Watch our coverage of the annual printers row lit fest starting at 11 00 on cspan twos booktv. Sunday, q1 day is in hyde park, new york at the Franklin D Roosevelt museum where we go inside for a look at fdrs personal office and collection of
American nation could achieve. No one could even come close to us. Maria the present renewing his call for immigration reform. He went to be an immigrant friend collecting welfare. Congressman Steve Scalise a special visitor on capitol hill. Bought a scion of card after another update on his health. Doctors say hes improved to fair condition. Once again another grade. Tropical storm cindy makes landfall. The threat of heavy rain and flash flooding 2 million. Photo looks to rebound today. The lowest level in nearly a year yesterday. Today up two thirds of 1 . The Broader Market in terms of stocks. Take a look at stocks this morning. The market fractionally lower. Dow industrials down 20 points. Nasdaq and s p 500. As you will see, weaker across the board. Ft 100 the cat around down 100. In asia overnight, as youll see with the exception of korea up one half of 1 . The motorcycle chain getting into rival ducati. We will tell you about that developing story. Tom brady makes another stop o
The first was the progressive era 100 years ago talking about giving america and use Style Administration but then the biggest came with uh new deal and periodically a reaction of the increase of governmental power normally there is a conservative reaction the nexus the Great Society in the 60s with johnson and the Obamacare Administration prodded the Affordable Care act the dodd frank monuments that are qualitatively and and twostep in the developmentsteph of that state. Host so professor how has this affected us on a individual basis quick. Normally you dont need to the of federal bureaucrats face to face buta bu everything you do is affected by rules that these people make anything that involves health care is dictated by a d. H. Us. Apply for job, there are requirements and regulations especially employers have to comply with the compliance cost to satisfy those regulators have grownn exponentially education and schools are managed that used to be the quintessential local instituti