NPR

Dodd-Frank Rollback 'Completely Ignores' How Financial System Works, Author Says

It's worrying "how rapidly we have forgotten" the aftermath of the 2008 financial crisis, financial journalist Diana Henriques says following a House vote to undo part of the banking regulations.
President Trump speaks to Speaker of the House Paul Ryan after signing House Joint Resolution 41, which removes some Dodd-Frank regulations on oil and gas companies, during a bill signing ceremony in the Oval Office of the White House in Washington, D.C, Feb. 14, 2017. (Saul Loeb/AFP/Getty Images)

President Trump said on Twitter on Wednesday that he’s going to sign into law “big changes” to the Dodd-Frank banking regulations put in place after the financial crisis.

The bill passed the House late Tuesday, with supporters saying it would make it easier for midsize and regional banks to lend. It already passed the Senate in March.

Opponents of the move warn‘s Jeremy Hobson speaks with financial journalist  (), author of the books “The Wizard of Lies” and “A First-Class Catastrophe.”

You're reading a preview, sign up to read more.

More from NPR

NPR2 min readPolitics
Ukraine's Comedian President Takes Office, Says He's Dissolving Parliament
"Government is not the solution to our problem; government is the problem," Ukrainian President Volodymyr Zelenskiy said in his inauguration speech, quoting Ronald Reagan.
NPR4 min readPsychology
How The Brain Shapes Pain And Links Ouch With Emotion
Pain is more than an unpleasant sensation. When pain signals reach the brain, they interact with areas involved in thinking, memory and emotion.
NPR2 min read
For Charly Bliss, Bad Relationships And Growing Pains Commingle With Crystal Synths
Young Enough, the latest album from Charly Bliss, was born out of growing pains and toxic relationships.