Photo by max As former President Donald Trump eyes a return to the Oval Office, he has proposed substantial cuts to Wall Street regulations, a move that coincides with his ongoing legal entanglements over alleged hush money payments. This proposal arises while a gag order looms over him, stemming from these charges. During his previous term, Trump had already initiated the rollback of critical safeguards established post the 2008 financial meltdown, such as the Dodd-Frank Act. His current suggestions, advocated by his allies, aim even higher, proposing further easing of regulations to aid private company funding and to modify rules around environmental, social, and governance (ESG) investing.Michael Faulkender, a former Treasury official under Trump, mentioned that the intention is to alleviate Wall Street from "burdensome regulations." Proposed changes include ending bank stress tests, dismantling the Consumer Financial Protection Bureau, ...
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