Among the more destabilizing measures threatened by the ‘F-CHOICE Act’ are these three. For this phony pseudo-argument will be made in the Senate this week as it was in the House last week. It is that weaker or non-existent financial regulation somehow promotes – or even equates to – ‘innovation, growth, and jobs’ in the broader economy. Or have a gander at what House Financial Services Chair Jeb Hensarling had to say (‘economic growth for all’). Real growth in the real economy occurs when ‘patient-’ or ‘working-capital’ is invested in new production and new productive capacity.

Source: Forbes June 12, 2017 00:22 UTC