Looks like McConnell not getting caught up in all the tax cut hoopla and dropping the ball wrt bank reform; looks like he is on it:
McConnell says he, President Trump and Speaker Ryan are meeting in the next few weeks to discuss what to do about entitlement reform in 2018.https://t.co/xWSN5gEAiR
— Axios (@axios) December 22, 2017
Higher risk of a big negative development without it.
Bank reform by the GOP will include massive deregulation. I don’t see how that would be a positive development.
ReplyDeleteThe Libertarian Delusion | BillMoyers.com http://bit.ly/2CZhRPo
DeleteThey have to negate the requirement for banks to have to maintain capital against risk free assets like reserves and Treasuries...
ReplyDeleteWithout that reform every time the govt makes some moves in their conduct of their idiot monetary policy they risk a credit contraction and a crash...
Entitlement reform, they're not wasting any time. Goodbye Medicare. Alas I never knew ye.
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