Dodd-Frank regulations good and bad for financial system, Harvard director says

Hal Scott, director of the program on International Financial Systems at Harvard Law School, and Sebastian Mallaby, the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations, discuss what triggered the financial crisis in 2008 and if we are safe from another.

[StevieBRonin]

I think it was all a trick the people who wanted to run the banks they wanted to hold onto people’s money so they can use it for their own selfish game. They should not have the right to hold on our money tell us what to do with our money and then if we overdraw they wanna give us all these fees even if we don’t overdraw they want to give us a bunch of fees. I’m even tired of businesses wanting fees too for this and that businesses can’t accept that they gotta pay for stuff they not everything is free. So they go off hurting the customer. I wish businesses would start appreciating customers more maybe that’s why Amazon is succeeding without a customer your employees can’t get paid without a customer your boss can’t get paid or even the owner of the business can’t get paid. Without the employees you can’t get everything done at once in your business. You can’t be in multiple places at once if you’re a business owner. Even if you build robots and replace people with robots you’re still gonna have to pay for fixing those robots. Just like TVs and phones and everything else eventually you’re gonna have a lot of glitches and problems with any new technology including robots until it’s perfected. That could take decades. It’s been over a decade and we still have crappy phones . Banks are salvage if they’re gonna say they have a financial crisis so they need to Surcharge people what the hell are you doing with all the money it’s not my fault if you go broke if you screw up with your business money and you need to file bankruptcy. That’s not my fault if you need to close your business doors