President Donald John Trump has indicated that he will do away with many Federal Regulations.
There are many regulations, but does the government enforce them? Clearly, President Obama’s administration did not enforce them against JP Morgan Chase & Co., Inc and JP Morgan Chase, NA (“Chase”) and his friend Jamie Dimon. In fact, Jamie Dimon called up the Federal Reserve Chairman and communicated with him frequently. Chase was fined millions and millions of dollars. Was Jamie Dimon indicted? Are the Democrats seriously talking about the transgressions of Attorney General Jeff Sessions. Didn’t the Obama Administration allow the Chairmans of the Board of Chase and HSBC to get off “free”?
The banking industry has not changed. In the foreclosure process, many banks/lenders/attorneys inflate pay off letters and statements that make it impossible for the homeowner to redeem his or his home. Worse, the bank/lender/bank attorneys refuse to disclose what various charges that are listed on pay-off letters and bank statements.
We need a President that will enforce regulations, particularly against the banking industry. Hopefully, we have them. Cut the number of regulations, but enforce those we have.
The middle class has “gotten it” and they are not going to be duped and “take it anymore”.
The middle class knows that the Elite fund the political parties and many political campaigns and aim to keep the poor “poor” so that they can say they are donating their money to the poor. The middle class would rather earn their own money. Thank you very much. We do not need a rich and powerful class to denigrate the poor by pretending to support them while never teaching them to move forward.
The bank bailout under Democratic leadership was a joke. that money should have gone to the middle class. That money went to banks that donate to political parties and politicians. It is time for this trickery to cease and desist! What has happened is the banks/lenders/and their attorneys are up to their old tricks.
Hopefully, President Donald John Trumps’s administration will cut some regulations and enforce those that remain.
mildredmichalczyk 