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Politically Connected Bank Gets a Dodd-Frank Waiver

Rex8 Wrote: Jun 03, 2012 10:39 AM
Repeal the ridiculous bill, it's a Democratic bill designed to control capitalism and reward their friends. This kind of stuff is so offensive, and so unnecessary.
traitorbill Wrote: Jun 03, 2012 11:22 AM
On the road to fundamentally transforming the U.S. into the United Socialist Sates of America, aka Obamaville.

Bloomberg News reports that Emigrant Bank in New York will be the sole recipient of a Dodd-Frank exemption. The bank asked legislators on the House Financial Services Committee to change the language of the financial regulations slightly, exempting Emigrant from having to comply and saving the bank $300 million.

 

A New York...

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