Please disable your Ad Blocker to better interact with this website.

Connect with us


Trump To Tear Apart Dodd-Frank



Elizabeth Warren, Facebook

President Donald Trump said Tuesday that he wants to tear apart the onerous regulations imposed by Barack Obama and Elizabeth Warren’s Dodd-Frank Act.

CNBC reports:

“For the bankers in the room, they’ll be very happy because we’re really doing a major streamlining and, perhaps, elimination, and replacing it with something else,” Trump said on Tuesday.

“That will be the minimum. But we’re doing a major elimination of the horrendous Dodd-Frank regulations, keeping some obviously, but getting rid of many.”

Trending: UPDATE: Clinton-Appointed Judge APOLOGIZES to Flynn for Treason Remark During Sentencing

The Dodd-Frank Act of 2009 — passed during that term’s Democratic supermajority — imposed stifling regulations on the banking sector, which economists believe had catastrophic effects on the American economy. In particular, regulations imposed on small banks forced account holders to seek out bigger banks, which only increased the big banks’ stature and portfolio. Additionally, big banks were unable to give out the kinds of concessions that account holders normally expected.

It’s possible that Dodd-Frank could be repealed through Congress, but even if it’s not the Trump administration can still break it apart through various smaller regulatory-reform bills and executive actions.

The sluggish Obama economy — marked by that president’s failure to increase exports or to re-invigorate the small business sector — has given way to a newfound Trump recovery. The Trump White House Tuesday touted the president’s Strategic and Policy CEO Forum with top business leaders.

Have a hot tip for Big League Politics?

Got a hot news tip for us? Photos or video of a breaking story? Send your tips, photos and videos to All hot tips are immediately forwarded to BLP Staff.

Have something to say? Send your own guest column or original reporting to

Bypass Tech Censorship!

Facebook, Twitter and Google are actively restricting conservative content through biased algorithms. Silicon Valley doesn't want you to read our articles. Bypass the censorship, sign up for our newsletter now!


Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.

Thanks for sharing!

We invite you to become a Big League Politics insider. Sign up for our free email newsletter, and we'll make sure to keep you in the loop.

Send this to a friend