Trump orders review that could relax Dodd-Frank bank rules


#1

From BBC News.

bbc.com/news/business-38858009

Ed


#2

Here we go.

Anybody remember 2008-2009? Anyone get hurt that year?

I did. I lost my job. So did my wife. It was terrifying.


#3

:eek:
Shock and dismay!!


#4

I really don’t think some people have a good understanding of what happened in 2008. Nor do I think people realize Dodd Frank did not cure what was wrong. And after eight years, the situation is every bit as perilous as it was before.


#5

I actually do have a good understanding of what happened in 2008.

And Dodd-Frank wasn’t a cure-all, that’s true. It’s got plenty of holes, and some of the practices that led to the financial crisis are still permitted. But it’s better than nothing.

We have seen that an un- or under-regulated financial industry is a time bomb waiting to go off. Wall Street doesn’t have much in the way of a conscience.


#6

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