Mr. Trump just signed an order to gut or eliminate Dodd-Frank.
His reasons for this action were,”I have so many friends...that can’t borrow money.”
Dodd-Frank was enacted after the 2008 financial crisis in which the American people bailed out the large banking institutions to the tune of trillions of dollars for making a plethora of unsecured, disastrous home loans.
The purpose of Dodd-Frank is to protect the consumer from additional future bailouts, make it illegal for investment counselors to advise clients against the client’s better interests and uncover any financial wrongdoing of these institutions.
Who will ultimately benefit from this executive order, Trump’s friends or you the little guy?
Wake up America.
Denise Hall
Mancos
