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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDT says that Dodd Frank should be overturned because his FRIENDS
have had trouble borrowing money. He has also had trouble borrowing money from US banks (due to his bankruptcies.)
This is a likely conflict of interest on his part. The only way to know is to SEE HIS TAX RETURNS.
http://www.latimes.com/business/la-fi-trump-fiduciary-dodd-frank-20170203-story.html
He added that we expect to be cutting a lot out of Dodd-Frank because frankly, I have so many people, friends of mine that had nice businesses, they cant borrow money.
They just can't get any money because the banks just won't let them borrow it because of the rules and regulations in Dodd-Frank, Trump said.
librechik
(30,673 posts)without telling him that it was expected anyway, as a matter of honor.
This President wouldn't understand the concept of honor if he even had a brain, which he doesn't.
putitinD
(1,551 posts)still_one
(92,061 posts)IdiotsforPalin
(169 posts)people, friends of mine, that have nice businesses and they cant borrow money, he continued. They just cant get any money because the banks just wont let them borrow because of the rules and regulations in Dodd-Frank."
There ya go middle America......it's not about you.
procon
(15,805 posts)Part of Dodd-Frank included regs the forced oil, natural gas, coal and mineral companies who routinely bribed foreign governments, to disclosed billions they paid out, meaning citizens in those countries could begin to hold their governments to account for their corrupt deals. It also protected U.S. citizens and investors from having millions diverted out of their pensions and investments to enrich corrupt foreign governments.
These rules have been repealed just two days after Rex Tillerson, former CEO of ExxonMobil and a strong opponent of the law, was confirmed as secretary of state.
There's a good article in newsweek:
http://www.newsweek.com/trump-executive-orders-majority-disapproval-poll-551873