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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump 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.
Matthew28
(1,796 posts)Will be the worse this nation has ever seen...The stupidity of these people is unimaginable.
hells
(141 posts)beachbum bob
(10,437 posts)Buckeyeblue
(5,499 posts)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.
BeyondGeography
(39,367 posts)Without Dodd-Frank I'm sure the market would have quintupled or sextupled instead of just tripled as it did during Obama's presidency.
joshcryer
(62,269 posts)Trump himself demanded to see those SPEECHES! Something clearly IFFY was in them!
JHan
(10,173 posts)Ahhh simpler times...
leftyladyfrommo
(18,868 posts)SticksnStones
(2,108 posts)Speechless but for one word....doomed.
workinclasszero
(28,270 posts)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.