My family has a Nazi past. I see that ideology returning across Europe/Congress Votes to Roll Back Dodd-Frank Regulations as Banks Make Record Profits

Jay Owen Global Citizen

My family has a Nazi past. I see that ideology returning across Europe

Posted on 5/23/2018

Géraldine Schwarz* – The Guardian

In Germany and elsewhere, younger generations are becoming indifferent to the history of fascism. This is how the far right thrives

In Aistersheim, a village in north-west Austria, a pale yellow castle towers over a frozen lake, as if out of a fairy tale. It looks like it might be awaiting royal guests. But the sign at the entrance reads: “Congress of the defenders of Europe.” I had signed up under a false name, because only the “well-wishing” press was allowed to attend this gathering in March of far-right activists, mostly from Germany and Austria.

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U.S. Congress Votes to Roll Back Dodd-Frank Regulations as Banks Make Record Profits

By Nicole Goodkind * – Newsweek

t’s been a good year for financial companies. U.S. Banks profited by a record breaking $56 billion during the first quarter of 2018, up 27.5 percent from the year prior, because of tax cuts and a growing economy. The Federal Deposit Insurance Corporation (FDIC) estimated that without President Donald Trump’s tax cuts, banks would have grown by $49.4 billion.

In the midst of these record profits and 10 years after the financial crisis, Congress passed a bill Tuesday evening to roll back parts of the Dodd-Frank Act, which created rules and guidelines for banks designed to prevent another 2008 financial crisis. Ending the act was a campaign promise of Trump’s, but ending the regulations had bipartisan support in both Congress and Senate.

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