Sunday, December 17, 2017

Tag: Dodd-Frank Act

Summers Warns of Financial-Crisis Risk From Trump Economic Plans

Former U.S. Treasury Secretary Lawrence Summers attacked the policy proposals of Donald Trump on several fronts, saying the president-elect’s plans for deregulation were setting the stage for the next financial crisis. “The deregulation in some areas like finance is hugely dangerous,” Summers said Sunday in an interview on Fox News Channel....

The Nation’s Biggest Banks Have Gotten a $130 Billion Boost from Trump Win

Biggest winner: Bank of America. Donald Trump and the big banks appears to be this year’s biggest story of unrequited love. While Trump has accused Wall Street of trying to ruin the country on the election trail, investors banking on the fact that the next president will be good for nation’s...

Donald Trump, in Exclusive Interview, Tells WSJ He Is Willing to Keep Parts of...

President-elect hints at possible compromise after vows to repeal the Affordable Care Act. NEW YORK—President-elect Donald Trump said he would consider leaving in place certain parts of the Affordable Care Act, an indication of possible compromise after a campaign in which he pledged repeatedly to repeal the 2010 health-care law. In...

Trump Team Promises To Dismantle Dodd-Frank Bank Regulations

During his presidential campaign, Republican Donald Trump said he would "get rid of" Dodd-Frank — the sweeping legislation passed in 2010 to address problems underlying the 2008-2009 financial crisis. Many Republicans hate the 2,300-page law, saying it is layered with far too many regulations. But Democrats say it provides valuable...

Main Street Champion Trump Turns to Wall Street to Fill Treasury Post

President-elect Donald Trump won the White House by promising supporters he was an outsider who was not beholden to special interests on Wall Street. But it didn’t take long for him to look to lower Manhattan for help. According to CNBC, Trump is considering JPMorgan Chase chief Jamie Dimon as...

Trump’s Top Fundraiser Eyes the Deal of a Lifetime

Steven Mnuchin might have a shot at Treasury secretary, but his Wall Street pedigree makes him the type Donald Trump fans love to hate. Until one Tuesday in April, Steven Mnuchin's life had been ordered meticulously. The son of a Goldman Sachs partner, he was publisher of the Yale Daily...

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