Those are my principles. If you don’t like them I have others.
~Groucho Marx (1890-1977)
Nov 15, 2016 Champaign Williams, National Editor
The legislation was signed into law by President Obama in July 2010 to further regulate the country’s financial system and protect investors from future financial crises through heightened bank capital requirements, bank stress tests and more. But the act has been widely contested by those who claim its regulations are overreaching and weigh heavily on smaller institutions. In a recent interview with the Wall Street Journal, Trump said banks are regulatory-burdened in large part because of the Dodd-Frank Act and unable to lend, stunting economic growth. The president-elect’s goal is to spur bank lending by overhauling the legislation. Here are four things to consider regarding Trump’s stance on the Dodd-Frank Act and bank lending.
1) Banks Unable Or Unwilling To Lend? Though Trump says the lack of bank lending is a supply issue, lending data and banks are pointing to a lack of demand, the Wall Street Journal reports. In the wake of the financial crisis, companies are being a lot more conservative in their borrowing practices in an effort to repair balance sheets and reduce debt.
2) Bank Lending,
Business Loans On The Rise According to Federal Reserve data, bank lending is actually up. Bank credit in the form of loans and leases reached $9.1 trillion as of Nov. 2—up 25% compared to 2013 and surpassing the financial crisis peak of roughly $7.3 trillion. Commercial and industrial loans are on the rise as well, increasing by an average rate of 10.6% on a monthly basis over the past five years, WSJ reports. Overall business loans exceeded $2 trillion earlier this year, and Federal Reserve data shows loans accounted for more than 12% of the GDP in Q3.
3) Stifling The American Dream
Trump touches on the importance of the American dream and the role financial institutions play in funding those dreams on his transition website. “Banks and lenders provide funding to small businesses and mortgage borrowers to help fund the American Dream,” the site reads, adding that federal policy should encourage free enterprise, not stifle it. Banks and economists have agreed that one of the Dodd-Frank’s failings is that it has made getting loans at a decent price very difficult for smaller businesses and consumers with not-so-decent credit.
4) Lackluster Economic Growth
Trump points to Dodd-Frank regulations as an example of what not to do when attempting to stimulate economic growth—saying that six years into its enactment, the economy remains sluggish, weak and facing its “most tepid recovery since the Great Depression.” Trump pledges to cut the bureaucratic red tape and Washington mandates that “do not work for working people,” in an effort to boost jobs and wages. See Also: Election Anxiety Isn’t Stopping VC Firms From Making Deals Related Topics: Donald Trump, commercial lending, financial crisis, small business loans, Dodd-Frank, Donald Trump policies, bank lending, Dodd-Frank Act, Trump to dismantle Dodd-Frank
Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona. Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Click here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail firstname.lastname@example.org or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
2821 E. Camelback Rd. Suite 600
Phoenix , AZ 85016
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