Livestream: Trump Signs Financial Services Executive Order

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Other countries will pay their fair share for our defending them.

Tax simplification - tax reform, lowers business tax and middle class tax

Dodd Frank regulations

Opening up loans to entrepeneurs, especially women entrepeneurs

"This is the beginning of a whole new way of life that this country hasn't seen in many, many years!"

More MAGA!

Yeah
Yeah
Yeah

"Orderly Liquidation Authority"

Anybody have a clue what that one is?

Thanks for posting this thread

5 stars and a pin

Dodd-Frank: Title II - Orderly Liquidation Authority
Introduction:
Title II, the Orderly Liquidation provision of the Dodd-Frank Act, provides a process to quickly and efficiently liquidate a large, complex financial company that is close to failing. Title II provides an alternative to bankruptcy, in which the Federal Deposit Insurance Corporation (FDIC) is appointed as a receiver to carry out the liquidation and wind-up of the company. The FDIC is given certain powers as receiver, and a three to five year time frame in which to finish the liquidation process. Title II is aimed at protecting the financial stability of the American economy, forcing shareholders and creditors to bear the losses of the failed financial company, removing management that was responsible for the financial condition of the company, and ensuring that payout to claimants is at least as much as the claimants would have received under a bankruptcy liquidation.


PURPOSE:

In 2008, large financial institutions that had always been considered “too big to fail” were in dire financial straits. The government attempted to preserve some of these institutions with over $1.7 trillion in bailouts to companies such as Bear Stearns, Fannie Mae/Freddie Mac, AIG, the Troubled Asset Relief Program, Citigroup, and Bank of America. Despite the bailouts, over 250 banks failed in the period from 2008 to 2010, and Lehman Brothers, the fourth-largest investment bank in the United States, filed for bankruptcy, the largest Chapter 11 bankruptcy in U.S. history. In light of the failure of these “too big to fail” institutions, Congress saw the need for a government authority to provide for efficient liquidation of large, complex financial institutions, and to eliminate the potential of future government bailouts.

[link to www.law.cornell.edu (secure)]

You're quite welcome!

[link to www.law.cornell.edu (secure)]

OOPS you beat me to it. LOL

We are still suffering through the democrats TRASHED economy thanks to carter, Clinton, and barry Obama and their sub-prime loans.

democrats TEASH our economy every 7 years now and BLAME it on the GOP (while they are removing your IRA on wall street).