Financials: Dismantling Dodd-Frank
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 12 June 2017
⏱️ 33 minutes
🧾️ Download transcript
Summary
The House of Representatives voted last week in favor of the Financial CHOICE Act, which is designed to roll back the enhanced regulatory regime laid out in the Dodd-Frank Act of 2010. On this episode of Industry Focus, we dig into the Financial CHOICE Act and discuss what this means for banks.
Transcript
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| 0:00.0 | Hello everyone welcome to Industry Focus the podcast that dives into a different |
| 0:05.6 | sector of the stock market every day. You're listening to the Financials Edition tape today |
| 0:09.7 | on Monday, June 12, 2017. |
| 0:12.6 | My name is Gabby Lapera, and joining me on Skype |
| 0:15.0 | is John Maxfield, Motley Fool Contributor |
| 0:17.4 | and Banking Expert. |
| 0:19.2 | Hey John, how's it going? |
| 0:21.0 | It's going great, Gabby. How you doing? |
| 0:23.0 | I am doing pretty good. I had an exciting weekend. I was volunteering at Pride with the Motley |
| 0:28.0 | Fool, so that was really exciting. And I went rock climbing. What a fulfilling weekend. Nice, that is a very fulfilling weekend. I basically spent the weekend |
| 0:37.2 | mediating disputes between my five-year-old twin son. |
| 0:40.6 | So, kind of like the referee in a boxing ring. |
| 0:45.0 | Oh my gosh. |
| 0:47.0 | Well, I'm very impressed. |
| 0:48.0 | My brother also has twins and they are young and also a handful. |
| 0:53.6 | You have the patience and energy of a saint. |
| 0:56.8 | Talking about patience and energy, |
| 1:00.1 | let's turn to Congress. |
| 1:02.0 | Today we're going to talk about the Choice Act, which stands for creating hope and opportunity for investors, consumers, and entrepreneurs. |
| 1:10.0 | Another in a long line of acronyms that are kind of just like jammed in together to like try and make something that's fun to say. |
| 1:18.0 | So the Choice Act just passed the house on Friday I believe and the whole thing with the Choice Act the reason |
| 1:25.9 | that we're talking about it on the show is that it is basically there to repeal Dodd |
... |
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