The Trump team wants to kill the sweeping legislation passed in 2010 to address problems underlying the 2008-2009 financial crisis.
TAKEOVER NOTICE 1: I've dubbed this a “takeover notice” in order to alert you to the first of what is likely to be many steps in Trump’s takeover of America.
Trump’s transition team is promising to “dismantle” the Dodd-Frank law, the Obama administration’s signature response to the financial crisis. Trump’s transition team, in a brief note on its website (below) blamed the 2010 law for a tepid economy recovery since the financial crisis and said the Trump administration would “replace it with new policies to encourage economic growth and job creation.”
Dodd-Frank, to my mind, isn’t nearly strong enough. Some big Wall Street are back to playing games with derivatives, and the biggest banks are much larger than they were when they were deemed too big to fail. But dismantling Dodd-Frank is incredibly dumb. It tells Wall Street it doesn’t have to worry about any limits on what they might cook up in the future. Which, in turn, means another banking crisis in a few years.
Your thoughts?
Dodd-Frank law：正式說法
Dodd–Frank Wall Street Reform and Consumer Protection Act ...
https://en.wikipedia.org/.../Dodd–Frank_Wall_Street_Reform_and_Consumer_Protect...
The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into federal law by President Barack Obama on July 21, 2010. Passed as a ...
Enacted by: the 111th United States Congress
Statutes at Large: 124 Stat. 1376–2223
Effective: July 21, 2010
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