Trump preparing plan to dismantle Obama's Wall Street reform law

[IDemo]

Source: Reuters

Republican presidential candidate Donald Trump said on Tuesday that sweeping financial reforms put in place under President Barack Obama were harming the economy and he would dismantle nearly all of them.

Trump told Reuters in an interview that he would release a plan in about two weeks for overhauling the 2010 financial regulatory law known as Dodd-Frank.

"Dodd-Frank has made it impossible for bankers to function," the presumptive Republican nominee said. "It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop."

Pressed on the extent of the changes he wanted to make, Trump said, "it will be close to dismantling of Dodd-Frank."

Read more: http://www.reuters.com/article/us-usa-election-trump-banks-idUSKCN0Y900J?mod=related&channelName=politicsNews

[Person 2713]

1. Will get wall st republican backing this way I guess

[Drahthaardogs]

17. Oh boy! Every time the Republicans say they are going to "deregulate to remove barriers to business"

it means we are all about to get bent over and screwed. Silverado or the Great Recession. All the same.

[global1]

2. The Esrablishment GOP Has Gotten To Trump....

He couldn't possibly put this together by himself.

[muntrv]

3. No, Donnie! Teabagger Congresssional inaction is what's killing jobs.

[C Moon]

4. Trump needs their money, too.

And then there are all those in the lower classes enthusiastically backing this vile man—and all the while he can give 2 frocks about them.

[ProgressiveEconomist]

5. He wants to re-open a casino--

the one on Wall Street whose 2007-08 crash would have brought down the world economy without Bernanke and Obama.

[turbinetree]

6. Well hell he helped in bankrupting four of his schemes---------what the hell why not a country

and the world---------------reminds me of a cartoon

[tularetom]

7. Yeah since Obamas Wall Street reforms were sooooooo effective

I hope he lets us know when he does away with those reforms, otherwise we might no notice the difference.

I wonder if he will reverse the convictions of all the bankers that were put in prison by obamas justice department?

Oh wait...

[jalan48]

9. Very true!

[pampango]

13. Not effective enough by a long shot for most of us. Too effective for Donald and his

laissez-faire republicans.

[Democat]

8. Any liberal who doesn't vote for the Democratic nominee

Is helping get this guy elected.

Either Sanders or Clinton would be great compared to Trump.

[rtracey]

10. thats the main word

Thats the main word in your topic.....NOMINEE... not Bernie or Bust/ Hillary or Bust, but Party or Bust/Party or Trump..... I have been saying it for months, I hope it sinks into the heads of the stay at homers.

[farleftlib]

12. You have to give a liberal something more than she's "not Trump"

The party has been doing that to us for decades now and it's getting old. If I choose to
vote for Jill Stein, I did not help get Trump elected. The party cleared the field for
the worst candidate in memory, one who is being investigated by the FBI and has been
embroiled in scandal since she came on the scene decades ago. One whose policy
positions are diametrically opposed to mine except for a few social issues.

I've been voting for the party's choice of a nominee for 30-some years now while being
told the more liberal nominee I supported was not viable. If the party had not been so openly
hostile to Bernie's run I might have been convinced to switch allegiance to HRC in the general.
I see myself voting for all the down ticket Dems and working to keep Bernie's revolution alive.

It's the party that left me, not the opposite.

[Democat]

14. Wrong - not Trump being Sanders or Clinton is good enough

Not Bush would have saved thousands of American lives and billions of dollars.

You are willing to see gay and lesbian Americans as well as POC treated like less than humans if you don't get your way.

There are people who will suffer under Trump. If you don't care about those people, you are not a liberal, you're a selfish anarchist.

[Angel Martin]

15. I wouldn't advise any Democrat

to campaign on Dodd-Franks.

The TBTF banks are bigger and more powerful than ever.

What we need is a statement of support from the next President that the Federal Reserve will maintain continuity and liquidity of markets in the case of any future financial crisis (like they did in the latter half of the last one).

Then LET THESE TBTF BASTARD BANKS FAIL when they screw up. Instead of bailing them out.

[truthisfreedom]

11. Sounds like he's putting the ass before the manure wagon

In his mind he's already billowing vintage hairspray in an Oval Office mirror.

[wordpix]

16. The Don can't lose, at least that's what his ego told him