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  1. #1
    On A Mission

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    Default Wall St.'s Hopes For Deregulations Switch From laws To Watchdogs

    Wall Street

    President Trump’s promised bonfire of Obama-era banking legislation is unlikely to happen, according to an emerging consensus among Wall Street bankers, lawmakers and regulators.





    Instead, bankers are switching their deregulation hopes to a changing of the guard of US bank supervisors, who have considerable scope to loosen the shackles on banks within the bounds of existing law.
    Despite progress in Congress last week towards unwinding another of Barack Obama’s reforms — the so-called Obamacare health initiative — senior policymakers and financiers seem now to agree that the “big number” that Donald Trump promised to do on post-crisis Dodd-Frank legislation will not be possible.
    They believe little will come of a review by Treasury secretary Steven Mnuchin, due next month, on how financial regulation is constraining the economy.
    “The likelihood of legislative change is very limited,” said the number two at one of Wall Street’s biggest banks. And the head of another top institution warned the delivery of promised legislative change was likely to be “disappointing”.
    We'll see where this goes.

  2. #2
    I Am Rocking Now

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    Default Re: Wall St.'s Hopes For Deregulations Switch From laws To Watchdogs

    Quote Originally Posted by slavenomore View Post
    Wall Street



    We'll see where this goes.
    How many times do I have to tell you Slave...How many times?

    ''IT'S ONE BIG CLUB...AND WE AIN'T IN IT''

    Trump adviser Kushner

    President Trump, This Is No Way to Drain the Swamp

    Tomgram: Nomi Prins, All in the Family Trump | TomDispatch

    https://larouchepac.com/20170126/kee...trump-treasury

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