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'Spectacular Betrayal' as Trump Hands Economy 'Back Over to Wall Street'

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Executive orders seen as "a cave-in to the power of Wall Street and the financial lobby." (Photo: Dave Center/flickr/cc)

  • "Wall Street titan Goldman Sachs seems to be taking over financial regulation in the United States, trying to make it easier for them and other big banks like Wells Fargo to steal from their customers and destabilize the economy." —Lisa Donner, Americans for Financial Reform
  • 'The Wall Street bankers against whom Trump ran are making policy now,' says Public Citizen

Deirdre Fulton, Common Dreams

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http://www.yesmagazine.org/issues/the-debt-issue/don-t-owe-won-t-pay-charles-eisenstein-debt-20150820/eisensteinwebsketch.jpg/imageFriday, February 03, 2017 | President Donald Trump is handing the U.S. economy "back over to Wall Street" on Friday, with a regulatory rollback that critics say could put consumers and the financial system at risk

According to the Wall Street Journal, Trump signed executive orders Friday "establish[ing] a framework for scaling back the 2010 Dodd-Frank financial-overhaul law" and rolling back an Obama-era regulation requiring advisers on retirement accounts to work in the best interests of their clients. That rule was set to go into effect in April. 

Deirdre Fulton, staff writer, Common Dreams

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Related: 

Not So Spineless: Paul Ryan Plans To Use Trump’s Chaos To Destroy Medicare, Medicaid And Social Security, Linda Benesch & Alex Lawson, Social Security Works  / Huffington Post

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There is a spineless, cowardly puppet in Washington. But his name isn’t Paul Ryan. It’s Donald Trump, the man who appears willing to betray millions of Americans who voted for him by standing aside, and providing a cover of chaos, while Ryan guts the vital programs they depend on.

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