Trump Sets Sights On Dismantling Dodd Frank

After a fund raising trip to the influential SALT hedge fund conference in Las Vegas nearly a week ago, Republican presidential candidate Donald Trump on Tuesday suddenly has dismantling Dodd Frank financial regulation on his mind.

In the aftermath of the 2008 derivatives crisis – derivatives were a much larger percentage of what caused bank losses than bad consumer loans – the Dodd Frank Act emerged as a method to confront the problem. It wasn’t perfect, as lobbyists hacked and manipulated as much as they could. But what emerged was the toughest regulation of the large banks since and their destructive derivatives.  Yesterday, in an interview with Reuters, Trump said he would dismantle nearly all of the legislation if elected...