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Originally Posted by GFED
Last QE ended in Oct 2014?
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Trump Admin made some changes to Dodd Frank about a month ago.. As I mentioned the primary change had to do with raising the bar for smaller banks.
Ideally it should help those smaller banks to grow.. But one problem is once they grow the larger banks gobble them up and they become even bigger monsters.
They really need to go back to the old days of banking.. Where your banker knew you and you knew your banker.. As of right now there is ZERO common sense in banking.. Dodd Frank created little boxes.. If you don't fit inside those boxes then it's no deal.. There is no wiggle room. It's against the law to do otherwise.. This is in fact hampering growth.. The changes Trump Admin made gave the smaller banks more wiggle room and I think this was their goal.. More localized.. But it's too early to tell if it will help.. The Dodd Frank boxes are still there..
The only way to be outside of the Dodd Frank's little boxes is what is known as "outside Dodd Frank" which is pretty much investor only and generally high interest short term and/or commercial.. Simply put, you have to be a corporate entity.
Or, a small tip.. Do business with a local credit union..