Yellen says Trump administration ‘decimated’ financial oversight

[Donatello]

Here's a great example of a policy change made in the name of "smaller government" that is backfiring big time. Reducing Government oversight of financial markets is now proven to be extremely bad policy. Another reason why it's bird dirt to say Trump and his Admin. showed good policy judgement. Something to keep in mind going forward.

Yellen says Trump administration ‘decimated’ financial oversight

Treasury Secretary Janet Yellen said Thursday that the capacity of the U.S. government to respond to and prop up failing financial markets was “decimated” by cutbacks enacted during the Trump admin…

thehill.com

 

[Hari Seldon]

Here's a great example of a policy change made in the name of "smaller government" that is backfiring big time. Reducing Government oversight of financial markets is now proven to be extremely bad policy. Another reason why it's bird dirt to say Trump and his Admin. showed good policy judgement. Something to keep in mind going forward.

Yellen says Trump administration ‘decimated’ financial oversight

Treasury Secretary Janet Yellen said Thursday that the capacity of the U.S. government to respond to and prop up failing financial markets was “decimated” by cutbacks enacted during the Trump admin…

thehill.com

Might want to increase rail safety regs as well.

 

[PNW Guy]

The GOP, since the advent of supply side economics, has been devoted to the idea that all things government are evil and bound to fail. Once in office, the mission is to cause the failure, and then sell or contract out things to private interest to really hide the corruption and keep the gravy train rolling. There's a reason they have no agenda, it's 100% grift.

The democrats are little better. A little better, but very little better and even then only a small number of them.

 

[SkyChief]

Jant Yellen?

You mean the same clueless nincompoop who told Americans that Biden's inflation was "transitory"?

LOL!!

Yeah - like I'm gonna heed HER warnings!

That's hilarious!!

 

[Showtime586]

Follow the money. All roads lead to TrumpCo.

 

[Bullseye]

Here's a great example of a policy change made in the name of "smaller government" that is backfiring big time. Reducing Government oversight of financial markets is now proven to be extremely bad policy. Another reason why it's bird dirt to say Trump and his Admin. showed good policy judgement. Something to keep in mind going forward.

Yellen says Trump administration ‘decimated’ financial oversight

Treasury Secretary Janet Yellen said Thursday that the capacity of the U.S. government to respond to and prop up failing financial markets was “decimated” by cutbacks enacted during the Trump admin…

thehill.com

She's lying to cover her ass. And Biden's.

from the article:

How exactly her statements fit into the Biden’s administration’s wider economic policy, which was branded last year as “modern supply side economics” and meant to address inequality in the U.S. through public investment, is unclear.

 

[Greenbeard]

She's lying to cover her ass. And Biden's.

What happened to all the pride in deregulation and starving the Deep State? A train derails, a bank goes under and suddenly rightwingers all want to disown their great victories?

 

[Bullseye]

What happened to all the pride in deregulation and starving the Deep State? Biden and his benchmen(women) happened to it.

Biden and his benchmen(women) happened to it.
from the article:

How exactly her statements fit into the Biden’s administration’s wider economic policy, which was branded last year as “modern supply side economics” and meant to address inequality in the U.S. through public investment, is unclear.

A train derails, a bank goes under and suddenly rightwingers all want to disown their great victories?

WTF are you talking about?

 

[Craig234]

Might want to increase rail safety regs as well.

Probably reverse all trump deregulation. Have to show me one to keep.

 

[joluoto]

Follow the money.

 

[EMNofSeattle]

She's lying to cover her ass. And Biden's.

from the article:

The democrats have a theory predicated on the idea that nothing that goes wrong is ever their fault. Donald Trump is responsible for all their failures.

 

[Mycroft]

Here's a great example of a policy change made in the name of "smaller government" that is backfiring big time. Reducing Government oversight of financial markets is now proven to be extremely bad policy. Another reason why it's bird dirt to say Trump and his Admin. showed good policy judgement. Something to keep in mind going forward.

Yellen says Trump administration ‘decimated’ financial oversight

Treasury Secretary Janet Yellen said Thursday that the capacity of the U.S. government to respond to and prop up failing financial markets was “decimated” by cutbacks enacted during the Trump admin…

thehill.com

She's lying to cover up for the Fed and the Biden pukes.

The Fed has known about that bank's risky behavior for more than a year, yet they did nothing about it. Furthermore, the Fed could have conducted a stress test of that bank's investment practices at any time. They didn't.

The failure of that bank is the sole result of the Biden puke's war on oil and the Fed's useless strategy of treating the resulting inflation as if it is caused by consumers.

 

[EMNofSeattle]

She's lying to cover up for the Fed and the Biden pukes.

The Fed has known about that bank's risky behavior for more than a year, yet they did nothing about it. Furthermore, the Fed could have conducted a stress test of that bank's investment practices at any time. They didn't.

The failure of that bank is the sole result of the Biden puke's war on oil and the Fed's useless strategy of treating the resulting inflation as if it is caused by consumers.

And also the other thing is that no government regulators are going to fine a bank for investment in treasury bonds.