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Fri Feb 3, 2017, 05:55 AM

Trump to order regulatory rollback Friday for finance industry, Wall Street, top aide says

President Trump plans to order a rollback Friday of regulations governing the financial services industry and Wall Street under the Dodd-Frank law and beyond.

Gary Cohn, White House Economic Council director, told the Wall Street Journal the administration would also move against a regulation designed to force retirement advisers to work in the best interest of their clients, the “fiduciary rule,” set to take effect in April and designed to eliminate conflicts-of-interests among professionals dealing with those enrolled in qualified retirement plans and IRAs.

In an interview with the Journal, Cohn, a former president of Goldman Sachs, said the order was a “table setter for a bunch of stuff that is coming.”

https://www.google.com/amp/s/www.washingtonpost.com/amphtml/news/morning-mix/wp/2017/02/03/trump-to-order-rollback-friday-of-regulations-aimed-at-finance-industry-top-aide-says/?client=ms-android-boost-us


The fascism just keeps on coming.

11 replies, 1106 views

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Reply Trump to order regulatory rollback Friday for finance industry, Wall Street, top aide says (Original post)
orangecrush Feb 2017 OP
Matthew28 Feb 2017 #1
hells Feb 2017 #2
beachbum bob Feb 2017 #3
Buckeyeblue Feb 2017 #4
BeyondGeography Feb 2017 #5
joshcryer Feb 2017 #6
JHan Feb 2017 #7
dalton99a Feb 2017 #8
leftyladyfrommo Feb 2017 #9
SticksnStones Feb 2017 #10
workinclasszero Feb 2017 #11

Response to orangecrush (Original post)

Fri Feb 3, 2017, 06:01 AM

1. The depression that this will cause

Will be the worse this nation has ever seen...The stupidity of these people is unimaginable.

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Response to orangecrush (Original post)

Fri Feb 3, 2017, 06:06 AM

2. Remember, Hillary was an elitist and was owned by wall street

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Response to orangecrush (Original post)

Fri Feb 3, 2017, 06:06 AM

3. no surprise...

 

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Response to orangecrush (Original post)

Fri Feb 3, 2017, 06:17 AM

4. The current regulations work

I work in banking and I can tell you that the regulations work. More effort is being made to treat customers fairly, which includes making sure timely refunds are given when problems are found. Right now banks are scared shitless that they'll be the next Wells Fargo.

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Response to orangecrush (Original post)

Fri Feb 3, 2017, 07:01 AM

5. Oh good

Without Dodd-Frank I'm sure the market would have quintupled or sextupled instead of just tripled as it did during Obama's presidency.

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Response to orangecrush (Original post)

Fri Feb 3, 2017, 07:07 AM

6. But HILLARY'S SPEECHES!

Trump himself demanded to see those SPEECHES! Something clearly IFFY was in them!

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Response to joshcryer (Reply #6)

Fri Feb 3, 2017, 07:17 AM

7. I remember the good ole days when we were hotnbothered bout speeches..

Ahhh simpler times...

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Response to joshcryer (Reply #6)

Fri Feb 3, 2017, 08:33 AM

8. Yep.

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Response to orangecrush (Original post)

Fri Feb 3, 2017, 08:47 AM

9. He is gift that just keeps on giving. nt

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Response to orangecrush (Original post)

Fri Feb 3, 2017, 08:49 AM

10. Rollbacks? Good God, the Walmart approach to governing...

Speechless but for one word....doomed.

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Response to orangecrush (Original post)

Fri Feb 3, 2017, 08:58 AM

11. Let the ass raping of the American consumer begin again!

 

Well we are days or weeks away from a war in Iran and now months away from the next huge market crash.

Maybe we will get the next Great Depression that President Obama saved us from the last time.

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