A second Trump White House would seek to sharply reduce the power of U.S. financial regulators, according to a review of public documents and interviews with people allied with the former president.
In the wake of the worst economic crisis since the Great Depression, Congress dramatically expanded the U.S. government’s oversight of the financial industry to prevent a repeat of the 2008 global banking meltdown.
Donald Trump would likely renew his efforts to scale back those reforms, if elected, as well as pare protections for small-scale investors and borrowers, and allow companies to raise money with less scrutiny, according to the interviews and proposals from groups positioned to influence a new conservative administration. Reuters spoke with, among others, about a dozen people who have provided advice or been consulted by Trump or his allies.
I wouldn’t describe capitalism under Biden as regulated but it’s certainly more regulated than MAGA capitalism. 😂
Yeah my partner got a cold-call from a scammy company with nothing but terrible reviews and people being scammed out of their SSI/SSDI by this company.
The company is literally endorsed by and partnered with the Social Security Administration and literally all the reviews are about how they lie to you and say you can keep your benefits and then suddenly your benefits are cut.
God if this is “regulated” capitalism then I am fucking Mickey Mouse.