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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump gutting bank regulations. This won't end well for the USA.
Trump is gutting the bank regs set up after the â08 Great Recession. The Fed governor in charge of bank regs is gutting regs and laying off 30% of staff. She weakened measures to detect possible failures, watered down bank supervision at the FDIC and gutted the Consumer Financial Protection Bureau.
— (@trumpdisasters.bsky.social) 2025-11-26T13:48:59.214Z
sakabatou
(45,596 posts)B.See
(7,498 posts)But according to that asshole he's "making America great."
applegrove
(129,522 posts)are private equity and hedge funds (they can gobble up smaller businesses that were previously doing great).
lastlib
(27,299 posts)....unregulated, waiting to explode as in 2008. Credit default swaps, other exotic derivative securities, exempted from the regulations passed in that aftermath (not that the regulations would help--when they're being gutted daily). Yes, the explosion heading our way will make 2008 look like a Sunday picnic without the lemonade. And The Felon is doing everything he can to accelerate the process. Tell me he's not a Putin agent bent on destroying this nation, and I'll tell you to go fornicate a saguaro.
patphil
(8,570 posts)Remember in the 1980's and 90's when so many banks collapsed, and the US government bailed them out to the tune of over 150 billion dollars?
A lot was done to protect against such a thing happening again.
Sounds like Trump's undoing all that. Lets see who the big winners are if we see something similar during Trump's presidency.
BaronChocula
(3,872 posts)will have no clue that their 600% checking overdraft fee hike is because of their vote. So frustrating.