Financials: A Conversation About the Dodd-Frank Act
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 13 February 2017
⏱️ 36 minutes
🧾️ Download transcript
Summary
The Dodd-Frank Act dramatically transformed the bank industry when it was passed in 2010. But fast forward to today and President Trump is promising to make it a thing of the past. On this week's episode of Industry Focus, Gaby and John provide a comprehensive look at not only the history and purpose of Dodd-Frank, but also how it might be reformed.
Transcript
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| 0:14.0 | Hello everyone welcome to industry focus the podcast that dives into a |
| 0:20.2 | different sector of the stock market every day. You are listening to the |
| 0:23.5 | Financial's Edition taped today on Monday, February 13th, 2017. My name is |
| 0:28.4 | Gabby lepera and joining me on Skype is John Maxfield banking specialist. |
| 0:32.8 | How's it going John? |
| 0:34.3 | It is going great, Gabby, always happy to be with you. |
| 0:37.5 | I am as excited as the wrong word for this show. |
| 0:42.2 | We're going to talk a little bit about politics today folks and |
| 0:44.7 | every time we talk about politics I get heartburn. I am sitting here with a case of |
| 0:48.6 | heartburn right now. It doesn't matter which side of the aisle we're talking about. |
| 0:52.3 | Politics makes my assent. It doesn't matter which side of the aisle we're talking about. |
| 0:52.7 | Politics makes my acid churn in my stomach. |
| 0:56.6 | It's no good. |
| 0:59.2 | So today we're going to talk about the Dodd-Frank Act. The full name, by the way, is the Dodd-Frank Act. |
| 1:03.3 | The full name, by the way, is the Dodd-Frank Wall Street Reform |
| 1:06.1 | and Consumer Protection Act of 2010. |
| 1:08.5 | It's been in the news a lot lately |
| 1:09.7 | because President Trump signed an executive order mandating that the Department of the Treasury |
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