roboticemoticon asked: Reminder that banks are bigger, more "profitable" and more insolvent than ever and that Obama did nothing to rein in banks. He gave them bigger bailouts.Did the US reimpose Glass-Steagall? Because as of RIGHT NOW banks can still partake in all the risky behaviour they like.
Obama gave banks bigger bailouts? When?
Banks are more insolvent and more profitable. Interesting.
Obama did ‘nothing’? I can suggest a few articles.
http://www.marketwatch.com/story/obama-signs-sweeping-bank-reform-bill-into-law-2010-07-21-12200
If you are somehow missing the narrative that Obama is bringing these changes and Republicans are doing whatever they can to stop him, I suggest you visit Planet Earth.
Obama’s rule for “living wills” for banks to avoid future collapses
FDIC rule requires banks with at least $50 billion in assets to periodically submit plans outlining, in case they collapse.
http://www.chicagotribune.com/business/ct-biz-0126-living-wills-banks-20120126,0,5568241.story
