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OpEdNews Op Eds    H3'ed 2/5/17

Trump Lends the Banksters a Hand

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Earlier today he signed an executive order calling on the government to "review" all regulations created by the Dodd-Frank financial reform law.

"Review," of course, is just more Republican doublespeak for what's actually going to happen.

And what's actually going to happen is that Trump is going to gut the very minimal protections created by the Dodd-Frank law to help his super-rich bankster friends get even richer.

This is literally what Trump says he wants do.

Seriously, I'm not kidding.

We all know what's going to happen next.

Anytime the government deregulates Wall Street, a financial crisis follows.

The deregulation of the big banks in the 1920s caused the crash of 1929 and the Great Depression, Reagan's deregulation of the S&L's in the early 1980s caused the S&L crisis, and repealing Glass-Steagall back in the 2000s caused the crash of 2008.

These are just facts, and if Trump goes ahead with his push to gut Dodd-Frank, he next financial crisis is all but inevitable.

I guarantee it.

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Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War Against the Middle (more...)
 

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