‘Spectacular Betrayal’ as Trump Rolls Back Wall Street Regulations

Deirdre Fulton reports for Common Dreams:

President Donald Trump is set to hand the U.S. economy “back over to Wall Street” on Friday, with a regulatory rollback that critics say could put consumers and the financial system at risk.

According to the Wall Street Journal, Trump plans to sign executive orders Friday “establish[ing] a framework for scaling back the 2010 Dodd-Frank financial-overhaul law” and rolling back an Obama-era regulation requiring advisers on retirement accounts to work in the best interests of their clients. That rule was set to go into effect in April.

Trump plans to sign the orders surrounded by bank CEOs.

“The Wall Street bankers against whom Trump ran are making policy now,” said Robert Weissman, president of watchdog group Public Citizen.

READ MORE…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: