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Trump’s Transition Team Pledges to Dismantle Dodd-Frank – Bloomberg

Full Article: Bloomberg

“The Financial Services Policy Implementation team will be working to dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job creation.”

Comments
  • Wolfman
    WolfmanNovember 12, 2016"There are numerous components of DF that have little to do with improving the safety and soundness of markets such as hiring quotas for banks. CLEARLY, there are also components that have improved the system and whose principals are shared among regulators globally. It seems to me that the FSOC will be reined in and the CFPB is likely to be removed, but don't be surprised if you also see Volker neutered and regulations lessened upon the smaller banks. Most people aren…"
  • Slider
    SliderNovember 11, 2016""Big banks got bigger," sounds like such a classic Trump 'talking point'. When you're measuring market cap, not the case. Are we going to keep going through boom and bust cycles? Are we EVER going to learn from our mistakes?…"

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2 Comments on "Trump’s Transition Team Pledges to Dismantle Dodd-Frank – Bloomberg"

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Slider
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“Big banks got bigger,” sounds like such a classic Trump ‘talking point’. When you’re measuring market cap, not the case. Are we going to keep going through boom and bust cycles? Are we EVER going to learn from our mistakes?

Wolfman
Member
There are numerous components of DF that have little to do with improving the safety and soundness of markets such as hiring quotas for banks. CLEARLY, there are also components that have improved the system and whose principals are shared among regulators globally. It seems to me that the FSOC will be reined in and the CFPB is likely to be removed, but don’t be surprised if you also see Volker neutered and regulations lessened upon the smaller banks. Most people aren’t really thinking this through. In any negotiation process, you ALWAYS ask for more than you think you can… Read more »
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