It is looking likely that Donald Trump will roll back financial regulations on banks

you probably caught whiff of this by now, but i would love to hear your take on what will happen in your weekly and/or monthly economic update if trump takes things in this direction, or even took it to it's extremes. How do you think getting rid of the dodd-frank (and possibly many other regulations) could affect both the American and global economy? Do you think this could result in banks exploding in a similar mortgage crisis like what happened in 2008? Sources:

https://www.bloomberg.com/politics/articles/2017-02-03/trump-to-halt-obama-fiduciary-rule-order-review-of-dodd-frank

http://www.reuters.com/article/us-usa-trump-wealth-fiduciary-idUSKBN15I199


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  • Daryl MacFarlane
    published this page in Ask Prof. Wolff 2017-02-03 13:14:37 -0500

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