Keeping banks in the sin bin
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 9 February 2017
⏱️ 21 minutes
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| 0:00.0 | Hi, just leave on work now. Sorry, it's a bit loud. |
| 0:03.4 | Um, basically, so I was thinking we could get Macies tonight. Had a big Mac on my mind all day, and delivery fee on the app is now from 99P. So you win? Of course you are. Love you. Bye! Exclusively on the McDonald's app. 18 plus, service fee and small order fee may apply. Participating restaurants. Serving times and teas and seas apply. The views expressed on this podcast are those of the participants, not of Reuters' news. |
| 0:36.0 | Welcome to the views room, a weekly conversation among View's calmness about the ups and downs of the world of finance. |
| 0:42.8 | I'm Jennifer Sabah, and I'm going to be your host solo this week. |
| 0:47.1 | Anthony Curry is in Brooklyn. |
| 0:49.3 | In this week's edition, we'll be discussing the latest European city to court the financial industry dealing with the impact of Brexit, and also more than 100 companies in the United States that have filed a legal brief against President Trump's immigration plans. |
| 1:05.2 | But first, we're going to turn to another one of Trump's initiatives, the scaling back of the Dodd-Frank Act. |
| 1:11.8 | Joining us on the line from Washington, D.C. and Brooklyn, our columnist Gina Chan and Anthony Curry. Last week, President |
| 1:18.4 | Donald Trump signed some executive orders, basically looking to tinker with the Dodd-Frank Financial |
| 1:24.5 | Reform Act. And everyone was kind of saying, like, this is going to be |
| 1:29.5 | crazy. He's going to try and repeal it. He's going to give banks and investment banks, you know, |
| 1:33.6 | kind of free reign. Gina, you took a look at this. What exactly is going on here? What did he sign |
| 1:38.4 | and what's to be expected going forward? Yeah, well, with a lot of President Trump's initiatives, |
| 1:43.4 | what he says and the exaggerations |
| 1:47.6 | about what he's going to do, sort of outpace what is actually has been done. |
| 1:53.4 | So he did sign an executive order, but instead of really repealing Dodd-Frank or even |
| 1:59.8 | changing any of it, it really just calls |
| 2:02.0 | on the Treasury Secretary to consult with the heads of the other regulatory agencies to figure |
| 2:08.8 | out what rules promote or inhibit certain core principles. |
| 2:14.1 | And those are pretty basic, like promoting economic growth and ensuring that |
| 2:19.8 | Americans can accumulate wealth and that sort of thing. And then the Treasury Secretary, who I should |
| 2:26.9 | say also, his nominee, Steve Mnuchin, has not actually even been confirmed by the Senate yet, |
... |
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