I had a brief convo recently about Dodd-Frank, and I got a nice response to help me keep things in perspective:TygerKrane wrote:TygerKrane wrote:THAT!...
...and a Trump Wall!
But further on that topic, since the Trump administration is going to be turning over so many programs & policies that are in place,
How do we get them to rollback the leverage in the U.S. Retail Forex Industry to what it used to be?
(not that I'm trying to say that 50:1lev is a big handicap or anything)
Thanks guys for leaving my train of thought uninterrupted these last 11 days...
https://www.kreslik.com/news/6164-disma ... tive-order
- As far as Dodd-Frank is concerned let's wait and see - rolling back a fully enacted law is not as easy as signing Executive Orders.
There are important safeguards that were written in, to prevent another "too big to fail" - it is vital that we do not throw out the baby with the bath water.
Even if there are amendments it will take a while to separate the good (the necessary checks & balances that were put in place to safeguard the economy from another reckless crisis) from the bad (the burdening red-tape and overlapping regulations that are an obstacle to Financial services and institutions).