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Tag Archives: Banks

Democratic Lawmakers Warn of Risks Posed by Repeal of Dodd-Frank Provision

The investigation conducted by the two lawmakers found that repealing Section 716 of Dodd-Frank allows banks to keep nearly $10 trillion in swaps trades on the books that would be “pushed out” to entities that are not insured with taxpayer funds, if not for the Dodd-Frank rollback. Section 716 was intended to prevent taxpayer bailouts of federally-insured banks with risky swap holdings.

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