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Author Topic: Trump orders review that could relax Dodd-Frank bank rules  (Read 688 times)

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Offline bigheadfred

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Trump orders review that could relax Dodd-Frank bank rules
« on: February 05, 2017, 12:52:29 am »
US President Donald Trump has taken his first step to try to scale back US financial services regulations.

He signed an executive order to review the 2010 Dodd-Frank financial regulations, which some people on Wall Street say are overly-restrictive.

The law was brought in after the 2008-09 financial crisis with the aim of avoiding another financial meltdown.

"Dodd-Frank is a disaster," Mr. Trump said earlier this week.

He added: "We're going to be doing a big number on Dodd-Frank."

http://www.bbc.co.uk/news/business-38858009
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Offline bolobaby

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Re: Trump orders review that could relax Dodd-Frank bank rules
« Reply #1 on: February 05, 2017, 05:00:43 am »
Kill Dodd Frank, but - more importantly - kill Sarbanes Oxley!
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Offline Hondo69

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Re: Trump orders review that could relax Dodd-Frank bank rules
« Reply #2 on: February 05, 2017, 07:01:18 am »
Funny how both Dodd and Frank retired immediately after the passage of their cosponsored bill.

I didn't catch who was driving the getaway car. 

In my professional opinion the best way to "relax" Dodd/Frank is with this handy accessory:

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Offline montanajoe

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Re: Trump orders review that could relax Dodd-Frank bank rules
« Reply #3 on: February 05, 2017, 07:12:53 am »
Quote from: Hondo69 on February 05, 2017, 07:01:18 am
.....
Funny how both Dodd and Frank retired immediately after the passage of their cosponsored bill....

Not saying this is a good legislation but I think it points out the fact that everyone in Congress is bought at paid for and should they pass anything that doesn't have the approval of K Street they might as well retire...
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