Government not being shut down, and Dems not trying to use taxpayer money....

They'll kiss the bankers asses once again...

I agree. It's way to early to change anything with the Dodd-frank. Hell, I bet the mass majority doesn't even know what derivative trading is, especially here on glp. It seems like people care more about bogus social crap on here then actual issues.

Im not a fan of the Dodd Frank~ Probably since it has that part about depositors now being "unsecured creditors" and if the bank is at risk of going under ~judged by unknown specifications by the Fed I believe~ then they can seize and "liquidate" the "assets" of the banks. According to the Frank Dodd the first on the 7 step list is the Derivatives. Then the CEO'S bonus's and severance for the Employees and on the seventh level is the "unsecured creditor" aka your bank account

I guess I don't understand your point. But, if you're saying they can just take your liquid, that's not correct I don't think.

It is correct, I was having a hard time understanding it so I ended up reading a large chunk of the Bill..... Here is a link that lays it out with links to the specific portions it mentions.... [link to www.law.cornell.edu]

Cool, thanks for the source.

God damn. Our financial system is a clusterfuck isn't it. All I really see there though is that the people, taxpayers, will be "reimbursed" first after the fdic figures out what the fuck is going on. But, still, the average joe/Jane may still be out some cash in the long run.

The derivatives market is a 700 trillion dollar market. FDIC does not have that much money.... It will naver make it to that level.... from the previously provided link~~~~

Claims are paid in the following order: (1) administrative costs; (2) the government; (3) wages, salaries, or commissions of employees; (4) contributions to employee benefit plans; (5) any other general or senior liability of the company; (6) any junior obligation; (7) salaries of executives and directors of the company; and (8) obligations to shareholders, members, general partners, and other equity holders. See 12 U.S.C. § 5389 (Dodd-Frank Act § 209(b)).

i know op we have been betrayed by Republicans on this vote on so many levels it isnt even funny..

America has fallen..


Get Ready... Its gonna get really bad from here on out..

I'm just waiting and preparing. My largest concern is that with the impending crash, from whichever of the 5 million things wrong with the Markets, will due to Monetary policy's from 3rd World Banana republics cause a currency problem also. Glad I live in a rural state!