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house Bill H.R. 1317

Increasing Regulations on Financial Institution Transactions

Argument in favor

Requiring financial institutions to hedge transactions with their affiliates reduces risk and makes financial markets more stable. Stability in U.S. financial markets means stability everywhere.

BarackObama's Opinion
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10/26/2015
"Reform will constrain the growth of the largest financial firms, restrict the riskiest financial activities, and create a mechanism for the government to shut down failing financial companies without precipitating a financial panic that leaves taxpayers and small businesses on the hook." [whitehouse.gov]
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10/26/2015
“to reduce risks to the financial system by limiting banks’ ability to engage in activities other than socially valuable core banking activities.” [nytimes.com]
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10/26/2015
“stand up to the bullies on Wall Street.” [washingtonpost.com]
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Argument opposed

Increasing regulation on transactions between financial institutions and their affiliates will slow the mobility of capital. Hedging risks is something they can do on their own without regulation.

DonaldTrump's Opinion
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10/26/2015
"Right now, government regulations cost us annually $1.75 trillion. They constitute a stealth tax that is larger than the amount the Internal Revenue Service collects every year from corporations and individuals combined." [washingtontimes.com]
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Curmudgeon's Opinion
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07/02/2015
Nothing devised by Democrats in the way of regulation can be trusted to allow the free market to function and grow. I would need to know specifics to even begin to have an opinion. Much more transparent in fosterwould be re establishing more players than Goldman and the three dwarfs as tho only remaining banks when compared to the 44 independents that in thirty years had merged into the oligopoly we now see.
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ahandel's Opinion
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01/28/2016
Increased regulation of financial markets not only hurts liquidity and risk-taking (a necessary component of economic growth), but disincentives financial institutions from fully engaging in the market.
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    "Reform will constrain the growth of the largest financial firms, restrict the riskiest financial activities, and create a mechanism for the government to shut down failing financial companies without precipitating a financial panic that leaves taxpayers and small businesses on the hook." [whitehouse.gov]
    Like (40)
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    "Right now, government regulations cost us annually $1.75 trillion. They constitute a stealth tax that is larger than the amount the Internal Revenue Service collects every year from corporations and individuals combined." [washingtontimes.com]
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    "Congress doesn't regulate Wall Street. Wall Street regulates Congress." [huffingtonpost.com]
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    “to reduce risks to the financial system by limiting banks’ ability to engage in activities other than socially valuable core banking activities.” [nytimes.com]
    Like (27)
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    “stand up to the bullies on Wall Street.” [washingtonpost.com]
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    They can't be trusted. It needs to be guaranteed that 2008 can't happen again
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    Increased regulation of financial markets not only hurts liquidity and risk-taking (a necessary component of economic growth), but disincentives financial institutions from fully engaging in the market.
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    Banks need more regulation, we don't want to have 2008 start all over again.
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    Nothing devised by Democrats in the way of regulation can be trusted to allow the free market to function and grow. I would need to know specifics to even begin to have an opinion. Much more transparent in fosterwould be re establishing more players than Goldman and the three dwarfs as tho only remaining banks when compared to the 44 independents that in thirty years had merged into the oligopoly we now see.
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    The deregulation of the financial industry is exactly what caused the financial crisis of 2008 to begin with. Deregulation allowed huge Wall Street banks to gamble away money that wasn't theirs, pushing all the risk onto us, and when they failed, we were forced to clean up their mess. For single-handedly destabilizing the world's economy, Wall Street executives should've been hanging from lampposts, rather than given golden parachutes. Wall Street has a crippling gambling addiction, and we've been nothing but enablers to them for the past 30 years.
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    The government should have minimum regulation on the market.
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    Federal Regulations were part of the reason 2008 happened. Government should not be in the business of regulating anything but itself.
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    I'm rarely in favor of increasing Federal regulations of anything.
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    Hasn't government done enough? More over reach and regs is not the solution.
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    Yes it make the market more stable
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    Ditz the regulations.
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    Yes!
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    After what happened in 2008, the banks obviously need more regulation
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    Banks have proven over and over again that they ignore risks that jeopardize US economic stability. 2008 was only one of the latest examples. They need more not less regulation. GLASS-STEAGELL should be reinstated.
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    Perhaps enforcing the ones we already have would work? And ending the Wall Street/regulatory agency pipeline! Capitalism, in it's most predatory form, has become America's religion. If you question it, you don't love Jesus! If we don't reign in the greed & control of big business, we will end up self-destructing which is obviously underway now.
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