John Rubino--Dodd-Frank Is Dead--Long Live Dodd-Frank #2422

If there was one part of Dodd-Frank that was effective and needed, it was the part that required Too Big To Fail Banks to eat their derivatives losses. Your Congress, a fully owned subsidiary of Wall Street, just eliminated that provision, so get ready to bail them out yet again. The result, losses in the trillions, absorbed by you taxpayer is a foregone conclusion.