DODD-FRANK soon to be killed...

[Chizzang]

So at lunch yesterday my brother tells me "Trumps going to roll back Dodd Frank"
and I'm like... "No he's not..Why?"

"Because it makes it harder to steal middle class investors money... so it's gotta go..."



and so it begins...

[89Hen]

So at lunch yesterday my brother tells me "Trumps going to roll back Dodd Frank"
and I'm like... "No he's not..Why?"

"Because it makes it harder to steal middle class investors money... so it's gotta go..."



and so it begins...

I know more about Dodd Frank than most of you guys. It is legislation with great intent and horrible execution. It was almost as if they didn't consult with anyone in the mortgage industry before implementing it. Within five minutes of reading it when it was introduced I came up with a lengthy list of issues that are so obvious to anyone who works in my field.

[CAA Flagship]

I hope they kill Frank first.

[bandl]

I hope they kill Frank first.

Bullshit. Anyone with a name like DODD deserves to be put down immediately.

Same with anyone named Thad.

[Chizzang]

So at lunch yesterday my brother tells me "Trumps going to roll back Dodd Frank"
and I'm like... "No he's not..Why?"

"Because it makes it harder to steal middle class investors money... so it's gotta go..."



and so it begins...

I know more about Dodd Frank than most of you guys. It is legislation with great intent and horrible execution. It was almost as if they didn't consult with anyone in the mortgage industry before implementing it. Within five minutes of reading it when it was introduced I came up with a lengthy list of issues that are so obvious to anyone who works in my field.

My brother is thrilled...
with the mortgage aspects going away - he owns dozens of properties and develops properties

His concern is not that aspect of the oversight

https://www.washingtonpost.com/news/won ... 7052a20ae3

[Baldy]

So at lunch yesterday my brother tells me "Trumps going to roll back Dodd Frank"
and I'm like... "No he's not..Why?"

"Because it makes it harder to steal middle class investors money... so it's gotta go..."



and so it begins...

It's cute your brother actually believes that. Bless his little heart.

[CAA Flagship]

I hope they kill Frank first.

Bullshit. Anyone with a name like DODD deserves to be put down immediately.

Same with anyone named Thad.

Alice Dodd


Shannon Dodd


Laura Dodd

[bandl]

Bullshit. Anyone with a name like DODD deserves to be put down immediately.

Same with anyone named Thad.

Alice Dodd


Shannon Dodd


Laura Dodd

M, F, K
What do I win?

[CAA Flagship]

M, F, K
What do I win?

[Pwns]

So at lunch yesterday my brother tells me "Trumps going to roll back Dodd Frank"
and I'm like... "No he's not..Why?"

"Because it makes it harder to steal middle class investors money... so it's gotta go..."



and so it begins...

I know more about Dodd Frank than most of you guys. It is legislation with great intent and horrible execution. It was almost as if they didn't consult with anyone in the mortgage industry before implementing it. Within five minutes of reading it when it was introduced I came up with a lengthy list of issues that are so obvious to anyone who works in my field.

Why does it seem like people working with non-major lenders seem to need to be more familiar with the law than megabanks? Not just talking about 89Hen and AZ, but people I actually know, too.

Oh, wait, I already know the answer to that.

[bandl]

M, F, K
What do I win?

I already have one of those, but it's black

[Chizzang]

So at lunch yesterday my brother tells me "Trumps going to roll back Dodd Frank"
and I'm like... "No he's not..Why?"

"Because it makes it harder to steal middle class investors money... so it's gotta go..."



and so it begins...

It's cute your brother actually believes that. Bless his little heart.

Baldy
I know what hill you'll die defending regardless of truth or otherwise
I'll make you a small wager if you'd like

Lets bet that real estate based economy TANKS in 3 years... care to make a small wager..?
You NEVER put your money where your heart is - try it this time


take my money

[89Hen]

I know more about Dodd Frank than most of you guys. It is legislation with great intent and horrible execution. It was almost as if they didn't consult with anyone in the mortgage industry before implementing it. Within five minutes of reading it when it was introduced I came up with a lengthy list of issues that are so obvious to anyone who works in my field.

Why does it seem like people working with non-major lenders seem to need to be more familiar with the law than megabanks? Not just talking about 89Hen and AZ, but people I actually know, too.

Oh, wait, I already know the answer to that.

Everyone in the field knows the legislation sucked for everyone, banks and consumers alike.

[Ivytalk]

So at lunch yesterday my brother tells me "Trumps going to roll back Dodd Frank"
and I'm like... "No he's not..Why?"

"Because it makes it harder to steal middle class investors money... so it's gotta go..."



and so it begins...

I know more about Dodd Frank than most of you guys. It is legislation with great intent and horrible execution. It was almost as if they didn't consult with anyone in the mortgage industry before implementing it. Within five minutes of reading it when it was introduced I came up with a lengthy list of issues that are so obvious to anyone who works in my field.

From a corporate governance perspective, I agree with 89Hen. I never had to deal with it on a daily basis, but some of my business clients did, and the regulatory burdens imposed were grossly disproportionate to the benefits achieved.

[Chizzang]

I'm taking bets gentlemen... Here's the wager

The new administration dismantles Dodd-Frank
and in 3 years the home real estate market crashes

Any takers..?

[Baldy]

It's cute your brother actually believes that. Bless his little heart.

Baldy
I know what hill you'll die defending regardless of truth or otherwise
I'll make you a small wager if you'd like

Lets bet that real estate based economy TANKS in 3 years... care to make a small wager..?
You NEVER put your money where your heart is - try it this time


take my money

Of course it's going to tank.
They're doing the same things now that they were doing before the market crashed in 2008. You know, the same things under Dodd-Frank that Dodd-Frank was supposed to allegedly prevent.

The only thing Dodd-Frank did was harm community banking, restrict the personal investor class, and provide more burdens and restrictions to small businesses trying to have access to credit. What it did do was further entrench the institutional investor class to keep sticking it to the little guy.

[89Hen]

I'm taking bets gentlemen... Here's the wager

The new administration dismantles Dodd-Frank
and in 3 years the home real estate market crashes

Any takers..?

What exactly about Dodd Frank is keeping the housing market together Chizzy?

[GannonFan]

Baldy
I know what hill you'll die defending regardless of truth or otherwise
I'll make you a small wager if you'd like

Lets bet that real estate based economy TANKS in 3 years... care to make a small wager..?
You NEVER put your money where your heart is - try it this time


take my money

Of course it's going to tank.
They're doing the same things now that they were doing before the market crashed in 2008. You know, the same things under Dodd-Frank that Dodd-Frank was supposed to allegedly prevent.

The only thing Dodd-Frank did was harm community banking, restrict the personal investor class, and provide more burdens and restrictions to small businesses trying to have access to credit. What it did do was further entrench the institutional investor class to keep sticking it to the little guy.

Yup.

[Chizzang]

I'm taking bets gentlemen... Here's the wager

The new administration dismantles Dodd-Frank
and in 3 years the home real estate market crashes

Any takers..?

What exactly about Dodd Frank is keeping the housing market together Chizzy?

Firstly
My guess is the Consumer Financial Protection Bureau will be dismantled
and the collapse will follow

Not rocket science - but I see Baldy hopped on my wagon straight away

[CAA Flagship]

What exactly about Dodd Frank is keeping the housing market together Chizzy?

Firstly
My guess is the Consumer Financial Protection Bureau will be dismantled
and the collapse will follow

Not rocket science - but I see Baldy hopped on my wagon straight away

You should describe "collapse" in detail. I can see an argument in the future about this.

[Ivytalk]

So at lunch yesterday my brother tells me "Trumps going to roll back Dodd Frank"
and I'm like... "No he's not..Why?"

"Because it makes it harder to steal middle class investors money... so it's gotta go..."



and so it begins...

Did he vote for Trump?

[GrizFanStuckInUtah]

Bullshit. Anyone with a name like DODD deserves to be put down immediately.

Same with anyone named Thad.

Alice Dodd


Shannon Dodd


Laura Dodd

F, M, K

[89Hen]

What exactly about Dodd Frank is keeping the housing market together Chizzy?

Firstly
My guess is the Consumer Financial Protection Bureau will be dismantled
and the collapse will follow

Not rocket science - but I see Baldy hopped on my wagon straight away

And again, why is the CFPB holding together the housing market? It's not easier to get a loan because of Dodd-Frank or the CFPB, so if they went away you could argue it would heat up the housing market.

[CAA Flagship]

Firstly
My guess is the Consumer Financial Protection Bureau will be dismantled
and the collapse will follow

Not rocket science - but I see Baldy hopped on my wagon straight away

And again, why is the CFPB holding together the housing market? It's not easier to get a loan because of Dodd-Frank or the CFPB, so if they went away you could argue it would heat up the housing market.

Higher mortgage rates will slow the market. Mo-better jobs will provide a spark to the market.
The former will likely happen over the next three years. The latter may take three years to get traction.
Whatever happens, nothing will be as bad as it was some 10 years ago. So the term "collapse" needs defining.

[Chizzang]

Firstly
My guess is the Consumer Financial Protection Bureau will be dismantled
and the collapse will follow

Not rocket science - but I see Baldy hopped on my wagon straight away

And again, why is the CFPB holding together the housing market? It's not easier to get a loan because of Dodd-Frank or the CFPB, so if they went away you could argue it would heat up the housing market.

Indeed...!!!
It'll heat up the housing market for about 3 years
and then it will tank (just like 2008-9)

and then Hedge Funds like Black Rock BAREX
will scoop up a couple hundred billion dollars worth of real estate (again)
for pennies on the dollar

and the Middle Class moves farther and farther backwards



If I were YOU
I'd invest in RENTAL properties because that's where all the FORMER home owners end up
after the crash