Bins financial regulation & consumer protection
Extreme Vetting, But Not for Banks – Rolling Stone https://t.co/yX3YCCTBLY
— Matt Taibbi (@mtaibbi) February 3, 2017
President Donald Trump plans to sign an executive action that establishes a framework for scaling back the 2010 Dodd-Frank financial-overhaul law, part of a sweeping plan to dismantle much of the regulatory system put in place after the financial crisis.
But there is some hope, Government Sachs are facing some resistance outside their offices.
— Government Sachs (@Govt_Sachs) February 3, 2017
It was said that US authorities under Obama were worried that European banks would behave badly if TTIP had gone through.
These new arrangements have restored their licence to misbehave.
“Trump signs order to reconsider Wall Street regulations” hey at least he didnt give speeches 2 Goldman tho right?? https://t.co/z7y6HWRLJ8
— Joe Townsend (@JoeClown) February 3, 2017
The actions constituted a broad effort to loosen rules enacted after the financial crisis that restrict the way Wall Street can operate.