A second Trump White House would seek to sharply reduce the power of U.S. financial regulators, according to a review of public documents and interviews with people allied with the former president.
In the wake of the worst economic crisis since the Great Depression, Congress dramatically expanded the U.S. government’s oversight of the financial industry to prevent a repeat of the 2008 global banking meltdown.
Donald Trump would likely renew his efforts to scale back those reforms, if elected, as well as pare protections for small-scale investors and borrowers, and allow companies to raise money with less scrutiny, according to the interviews and proposals from groups positioned to influence a new conservative administration. Reuters spoke with, among others, about a dozen people who have provided advice or been consulted by Trump or his allies.
- Banks do completely irresponsible things that lead to economic meltdown.
- New regulations are introduced to prevent that from happening again.
- Banks buy politicians that scrap regulations in the name of the “free market”.
- Banks cause economic meltdown again.
- Rinse and repeat.
Because making the wealthy more money is exactly what our economy needs!
Draining the swamp
Well, if the swamp you’re referring to is poor people… that’s exactly what’s happening.
That was the joke, yes. Though I guess it was unclear lol
If Trump wins he’ll attempt to implement things that will scar this country worse than Reagan
