Trump to Halt Obama Fiduciary Rule, Order Review of Dodd-Frank: making America Break Again (Trickle

[Bill USA]

Disaster here we come)

It's only been about 7 years since the worst Economic Calamity since the Great Depression. We would have had a Great Depression II without President Obama's American Recovery and Reinvestment Act of 2009. NOw the idiots of the GOP want to have a crash all over again.



https://www.yahoo.com/finance/news/trump-halt-obama-fiduciary-rule-063803815.html

President Donald Trump will halt an Obama administration regulation, hated by the financial industry, that requires retirement advisers to work in the best interests of their clients, while the new administration reviews the rule.

The president also will order a review of Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said. Trump is scheduled to issue the directives at a signing ceremony around noon on Friday following a meeting of more than a dozen top corporate executives led byBlackstone Group LP Chief Executive OfficerSteve Schwarzman.

Trump’s directive stalls the so-called fiduciary rule -- set to take effect in April -- that the Obama administration said would protect millions of retirees from being steered into inappropriate high-cost or high-risk investments that generate bigger profits for brokers.

~~
~~

Cordray’s Future

The review will include examining making personnel changes at financial regulators as a way of accomplishing the administration’s objectives, the official said, though he declined to answer a question on whether Trump would try to fire Richard Cordray, the director of the Consumer Financial Protection Bureau. The official did say the administration believed that some of the rules created under Dodd-Frank may have been unconstitutional, including the creation of new agencies, an apparent reference to the bureau.
(more)

[pansypoo53219]

1. flood the swamp.

gotta keep stealing from the serfs.