#smartregulation #Trump Even so, Wall Street banks watered down many provisions, and now they want to gut Dodd-Frank. A big mistake, assert some experienced financial experts. To protect the economy, they advocate tightening the Dodd-Frank regime. Among them, Sheila Bair, former chair of the Federal Deposit Insurance Corp., warns Trump of the perils of deregulation. “I hope,” says Bair, “he will pursue a policy of smart regulation not no regulation, because no regulation was what got us into trouble in 2008.” https://www.sacbee.com/opinion/california-forum/article133362939.html
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Now inside the White House, Wall Street plans to gut banking regulations
At a clubby luncheon for Wall Street and corporate CEOs in the state dining room of the White House, President Donald Trump warmly embraced top bankers and promised Wall Street deregulation.