Trump sets sights on dismantling Dodd-Frank

Posted by | May 19, 2016 06:57 | Filed under: News Behaving Badly Politics


After a fund raising trip to the influential SALT hedge fund conference in Las Vegas nearly a week ago, Republican presidential candidate Donald Trump on Tuesday suddenly has dismantling Dodd Frank financial regulation on his mind. In the aftermath of the 2008 derivatives crisis – derivatives were a much larger percentage of what caused bank losses…

(more…)

By: Alan

Alan Colmes is the publisher of Liberaland.

12 responses to Trump sets sights on dismantling Dodd-Frank

  1. Suzanne McFly May 19th, 2016 at 07:11

    Wait a minute, is that something a “great businessman” would do if he was really trying to protect blue collar workers? Wouldn’t he focus on creating jobs? What interest does he have in removing Wall Street regulation….hmmmm, I wonder what his plans are? I smell something fishy.

    • Larry Schmitt May 19th, 2016 at 07:32

      I’d like some journalist to ask him to explain Dodd Frank, see what kind of non-answer he comes up with. He doesn’t even know what it does, or what it means. I don’t either, but my job doesn’t require it, and I’m not afraid to admit it.

      • Suzanne McFly May 19th, 2016 at 07:41

        He would ramble on about how Dodd is a good person who entered into a business relationship with Frank and Frank is bad news. I don’t know the specifics, but it is policy that is written to hopefully prevent another recession like the one in 2008. A short explanation is….

        1. The consolidation of regulatory agencies

        2.Comprehensive regulation of financial markets, including increased transparency of derivatives (bringing them onto exchanges);

        3. Consumer protection reforms including a new consumer protection agency and uniform standards for “plain vanilla” products as well as strengthened investor protection;

        4. Tools for financial crises, including a “resolution regime” complementing the existing Federal Deposit Insurance Corporation (FDIC) authority to allow for orderly winding down of bankrupt firms, and including a proposal that the Federal Reserve (the “Fed”) receive authorization from the Treasury for extensions of credit in “unusual or exigent circumstances”;

        5. Various measures aimed at increasing international standards and cooperation including proposals related to improved accounting and tightened regulation of credit rating agencies.

        • Larry Schmitt May 19th, 2016 at 07:53

          I’ve probably read something like that before, but even though I work for a bank, it’s not part of my job, so since I have no interest in it, when I read it, it doesn’t stay with me. If I had to know it, I would remember it. But a supposed billionaire businessman who wants to be president should know, and probably doesn’t.

          • Suzanne McFly May 19th, 2016 at 18:40

            I know what you mean, my brain only fits so much. Its like a bucket of water, you put more drops in, other drops will come out. My head is full and 90% of my memory is music lyrics lol.

    • Buford2k11 May 19th, 2016 at 08:14

      that’s his hairspray…

      • mistlesuede May 19th, 2016 at 09:48

        I honestly think he must smell like he bathes in awful smelling cologne. I will never get close enough to find out, thankfully.

      • Suzanne McFly May 19th, 2016 at 18:39

        lol

    • 17 May 19th, 2016 at 14:24

      I hear he keeps his money in his mattress, so there’s probably no conflict of interest here. At all.

  2. Buford2k11 May 19th, 2016 at 08:13

    Dodd-Frank and Two Corinthians, walk into a bar…………….

  3. Obewon May 19th, 2016 at 09:29

    Trump accurately understands nothing: Dodd-Frank established new government agencies such as the Financial Stability Oversight Council and Orderly Liquidation Authority, which monitors the performance of companies deemed “too big to fail” in order to prevent a widespread economic collapse. The new Orderly Liquidation Fund provides money to assist with the liquidation of financial companies that have been placed in receivership because of their financial weakness. Additionally, the council can break up large banks that may pose a risk to the financial system because of their size. It can also quickly and neatly liquidate or restructure firms it deems too financially weak. Similarly, the new Federal Insurance Office identifies and monitors insurance companies that may pose a systemic risk. http://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp

  4. fahvel May 19th, 2016 at 11:06

    dammn, forget the fn politics. How could anyone vote for someone who looks like a bloated over used semi deflated pink football?

Leave a Reply