2 Big 2 Fail
Today, Explained
Vox
4.3 • 10.3K Ratings
🗓️ 1 June 2018
⏱️ 23 minutes
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| 0:00.0 | Listen, it's me, Sean, Sean Ramisferram. |
| 0:02.6 | And I know what you're thinking. |
| 0:03.4 | Why are we already getting rid of all of these bank regulations? |
| 0:06.4 | We put in place to prevent another financial disaster. |
| 0:09.6 | We just got out of that last one. |
| 0:11.5 | We're going to figure it out today because this is today explained. |
| 0:24.0 | Matthew Eglaceus, economic policy reporter here at Vox. |
| 0:27.6 | Rumor has it, our government is rolling back some rules. |
| 0:31.0 | It is. |
| 0:31.9 | There's a lot of rules getting rolled back. |
| 0:36.8 | This is all about the Dodd-Frank disaster. |
| 0:41.7 | And they fixed it or at least have gone a long way toward fixing it. |
| 0:46.8 | Mike Grapebo, thank you very much. |
| 0:48.5 | Steve Dames, thank you, Steve. |
| 0:50.2 | So Congress passed a law recently that rolls back some provisions |
| 0:54.4 | of the Dodd-Frank financial regulation overall. |
| 0:57.8 | The Federal Reserve also promulgated a new rule that's going to roll back |
| 1:02.3 | in a different aspect of it. |
| 1:03.7 | Is one of the rules the vulgar rule, too? |
| 1:06.1 | Yes. |
| 1:06.6 | That's what's been in the headlines most recently. |
| 1:08.4 | Wednesday, the Federal Reserve voted to change how the rule is enforced |
... |
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