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View Diary: Social Security by the Numbers (73 comments)

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    This old man, samddobermann

    I think part of your answer is in Dodd-Frank. And, of course, the Republicans want to repeal that (and SOX, if you can imagine).

    I believe as part of that they made the guarantee of up to $250,000 per institution permanent. Dodd-Frank has helped to stabilize the financial system, but the Republicans are still fighting it. The filibuster over appointing someone to head up the Consumer Protection Agency is just a part of it, as is their insistence that it not get funded.

    The funny thing is that D-F and SOX primarily protect the investor. What is the main constituency of the Republican Party if it isn't investors?

    Apparently, it's Wall Street.

    I'll look more closely at FDIC in my research. Thanks!

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