Barney Frank, Bankster
Published at 07:54 on 25 May 2018
Barney Frank’s claims that Trump is not gutting the regulations that were passed in the wake of the 2008 financial crisis should be taken with not just a grain but a large block of salt, given that he now sits on the board of a bank poised to profit from the deregulation (no doubt at taxpayer expense when the next crisis rolls around).
And the Dodd-Frank regulations themselves were weak in the first place; they failed to fully replace the Glass-Steagall Act (which itself was repealed with no small amount of Democratic Party complicity).
It’s not just the Republicans that are at fault; the Democrats are the party of banksters and capitalism, too.