Rep. Ron Kind’s New Democrat Coalition Key In Voting To Gut Essential Bank Failure Protections
By Dennis Brault The Commoner Call (5/28/18) Trump just signed, and a bipartisan congress passed (RON KIND), a bill that says banks worth $249- $50 billion are NOT deemed important enough and therefore are allowed to fail. Four regional banks fail, worth $249 billion each, and a quick trillion evaporates from the economy. Regional and medium sized banks are doing fine and don’t need this. How is this loss of taxpayer protections, against a future economic bubble bursting, a good thing? Why RON KIND? Why would congress do this? Why RON KIND? It couldn’t be that this is an election…