Dodd Frank

Trump’s Nominee For Army Secretary Drops Out

... a “great spirit in the country right now.”. Trump addressed last month’s job report, which showed the U. S. economy adding 227,000 jobs and the unemployment rate at 4.8 percent. The report also says that more Americans started looking for work, although not all of them found jobs immediately. Trump is joining business leaders and CEOs in the White House and also previewing some of his economic priorities. He says he expects “to be cutting a lot out of Dodd-Frank,” the financial regulations put in place in response to the Great Recession. The president says they’ll be discussing how to bring back jobs, lower taxes and reduce regulations. 8:15 a.m. President Donald Trump says that a “new radical Islamic terrorist” is behind an attack outside the Louvre Museum in Paris. Trump tweeted early Friday that America needs to “get smart,” in light of the incident. He writes, “a new radical Islamic terrorist has just ...

Trump Raves That Rolling Back Dodd-frank Will Allow 'friends Of Mine' To Borrow Money Again

... while working for federal contractors, will remain intact at the direction of President Donald J. Trump," the statement said. White House officials downplayed the leaked executive order draft to Politico, insisting it might never have even reached President Trump's desk in the first place and that it was one of 200 orders mulled over by the transition team. "Some are real, some are drafts of things people like, and some are ideas people from outside have suggested," a White House official said. Trump never made the restriction of LGBTQ rights or the expansion of religious freedoms a campaign promise during the run up to his election, although Tony Perkins, the CEO of the Family Research Council, said he expects some changes will be coming despite the influence of the president's daughter and son-in-law. "I feel ...

President Trump Signs Executive Orders Relative To Dodd-frank, Retirement Rule

... Donald Trump's executive actions on immigration in Washington January 29, 2017. REUTERS/Aaron P. Bernstein. WASHINGTON, DC - JANUARY 31: National Security Agency Director Michael Rogers waits for the arrival of U. S. President Donald Trump for a meeting on cyber security in the Roosevelt Room at the White House January 31, 2017 in Washington, DC. Citing the hack of computers at the Democratic National Committee by Russia, Trump said that the private and public sectors must do more to prevent and protect against cyber attacks. (Photo by Chip Somodevilla/Getty Images). WASHINGTON, DC - FEBRUARY 1: (AFP OUT) President Donald Trump holds an African American History Month listening session attended by nominee to lead the Department of Housing and Urban Development (HUD) Ben Carson (R), Director of Communications for the Office of Public Liaison Omarosa Manigault (L) and other officials in the Roosevelt Room of the White House on ...

The Dodd-frank Act Explained

... to stay afloat. Things got so dire that the federal government offered JPMorgan Chase (NYSE: JPM) a $30 billion loan to facilitate its acquisition and thus rescue. But it wasn't until September 2008 that the crisis climaxed with the failure of Lehman Brothers, the nation's fourth-biggest investment bank at the time. The stock market plummeted. Credit markets froze. And countless companies, both within the financial sector and outside of it, found themselves on the brink of failure. The fear pulsing through the credit markets was particularly alarming because it made it impossible for even the most creditworthy of companies such as General Electric to access the funds needed to cover its payroll and other ordinary operating costs. The government's initial response was swift. It arranged Bank of America's (NYSE: BAC) purchase of Merrill Lynch. It nationalized all but a small sliver of American International Group, the massive insurance company that had insured vast swaths of investment securities backed by subprime mortgages. And it injected tens of billions of dollars' worth of capital into the nation's leading banks, including JPMorgan Chase, ...

Elizabeth Warren Torches Trump's Plans To Unwind Dodd-frank, Rip Off Retirees

... rip off retirees. Friday Feb 03, 2017 · 10:40 AM PST. 2017/02/03 · 10:40. Sen. Elizabeth Warren. Popular vote loser Donald Trump's economic advisers think Americans are too stupid to care that they're allowing financial advisers to rip us off again. They're counting out Sen. Elizabeth Warren (D-MA), who is going to make it very clear just what's going on here. In an emailed statement, she blasts Trump. "Donald Trump talked a big game about Wall Street during his campaign-but as President, we're finding out whose side he's really on. Today, after literally standing alongside big bank and hedge fund CEOs, he announced two new orders—one that will make it easier for investment advisors to cheat you out of your retirement savings, and another that will put two former Goldman Sachs executives in charge of ...

Trump To Dismantle Dodd-frank Regulations

... of these bodega owners and workers, as well as their family members, rallied at Borough Hall Thursday evening. Abdul Rahman: "So I do work in a grocery store, and we closed to come out here. It is our duty to come, so Donald Trump can see what we are about. This is wrong what he’s doing. It’s wrong. It’s wrong.". Uber CEO Quits Trump's Economic Advisory Council. Headlines Feb 03, 2017. After widespread protests, Uber CEO Travis Kalanick has stepped down from Trump’s Economic Advisory Council. Over the last week, thousands of people deleted the Uber app from their phones, after the company turned off surge pricing at JFK airport Saturday in a move many saw as an attempt to break the New York Taxi Workers Alliance strike on picking up travelers from JFK airport in solidarity with the massive protests that had erupted there over Trump’s immigration ban. On Trump’s Inauguration Day, activists chained themselves to each other to shut down the headquarters of Uber in San Francisco. Magazines Pull Out of White House ...

Senate Votes To Kill Dodd Frank Anti-corruption Rule

... and mining companies. In a 52 to 47 vote, the Senate approved a resolution already passed by the House of Representatives that wipes from the books a rule requiring companies such as Exxon Mobil and Chevron Corp to publicly state the taxes and other fees they pay to foreign governments. Republican President Donald Trump is expected to sign it shortly. Exxon and other major energy corporations have fought for years to prevent the rule, required by the 2010 Dodd-Frank Wall Street reform law, from seeing the light of day. After a series of legal battles, the Securities and Exchange Commission in June 2016 completed the regulation, which supporters say can help expose questionable financial ties U. S. companies may have with foreign governments. Democrats in the Senate had raised concerns during debate late on Wednesday that Exxon’s chief executive during those legal fights was Rex Tillerson, recently confirmed as Secretary of State, the country’s top diplomatic post. Tillerson, who has done extensive business in Russia, had raised Democrats’ hackles at his confirmation hearing by saying he did not know Exxon had lobbied against U. S. sanctions on Russia. “It should be lost ...

Lopach To Subject Matter, Ueland Back To Budget

... news media and harried by opposition legislators. But mortal threats to their power typically come from hostile forces inside the executive branch. The phenomenon has rarely been on more vivid display, with Trump buffeted by an unprecedented barrage of leaks about his decision-making and direct challenges to the decisions themselves—a new example coming almost daily—from within the permanent bureaucracy of government.” With cameos by Leon Panetta, Jack Quinn, Roger Stone, David Gergen and Bart Gellman __link__/2 knj Vs G. POLITICO MAGAZINE FRIDAY COVER - ERIC SCHNEIDERMAN PROFILE - “Will This Man Take Down Donald Trump?” by David Freedlander: New York Attorney General Eric “Schneiderman has emerged as perhaps the lefty media’s favorite lawyer, tangling with mortgage bankers, Exxon Mobil, and national retailers like Abercrombie & Fitch, J Crew and The Gap. And on November 9, he was handed what might become his largest target when Donald ...