RE: Trump deregulates business and finance...
February 6, 2017 at 9:28 am
(This post was last modified: February 6, 2017 at 9:29 am by Ben Davis.)
(February 6, 2017 at 6:11 am)Mr Greene Wrote: So he's removing the regulations for business and finance organisations.
Trump repeals Dodd-Frank
Trump repeals business regulations
Welcome to your corporate overlords...
That's not what I take from these pieces. Instead, I see Drumpf being sneakier about his Exec orders by making the outcomes really vague so he can avoid criticism. For example, Dodd-Frank didn't segment its regulations by turnover or employee numbers (a standard for business regulations in many countries with precedent in the US) and consequently, Co-ops and Community banks have suffered limiting bureaucratic overheads. It's right to review the act and it can be sold to the public on that basis. However I'd be willing to put money on the review not adding any segmentation by business size 'in order to help the little guy' while retaining necessary strictures on large banks to maintain economic stability, instead he's likely just to pull restrictions so that large banks can make more money irrespective of who that may disadvantage. I think the wording/framing of the order is simply a smokescreen to hide shady business practices.
Sum ergo sum
