Boom - EO for Regulatory reduction and cost containment

[Oerets]

So next the Consumer Protection Agency will soon be defunded. Then everyone's 401K's retirement savings will be up for grabs due to the relaxing of regulations!


Barney

[Pio1980]

Any guesses why the market didn't cave when he was elected, given that it supposedly hates uncertainty?
Lots of golden parachutes to pack on Wall Street before get out of town time with the next self inflicted deregulation induced crash.

[Tom Joad]

Originally Posted by whell

https://www.yahoo.com/news/trump-exe...-business.html

[I]WASHINGTON (Reuters) - President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced.

No problem.

Just don't issue any new regulations, and then none of the old ones will get cut.

[Pio1980]

I would consider this, if two of his appointments would be canned for each one he makes.
Let's see how that works.

[sheltiedave]

TJ, don't you think we need a regulation for banning pesticides that kill bees?

[Pio1980]

How about something to prevent a demagogue under foreign influence from becoming POTUS?

[JCricket]

Originally Posted by Oerets

Will this also include financial industry regulations?


Barney

I have been trying to understand the scope and power of EO's. What are they really, or at least what are they supposed to be? From what I understand, in the base legal concept, and Executive Order is an Order signed by the POTUS. It is strictly limited to the executive branch of he government. It is like a policy or vision statement on how the executive branch will act or function. They are not supposed to carry the weight to make or change laws.Of course this is strictly from the "base theoretical" concept, With precedent law and the current environment, they seem to have much more power than they should.

[CarlV]

Originally Posted by Oerets

So next the Consumer Protection Agency will soon be defunded. Then everyone's 401K's retirement savings will be up for grabs due to the relaxing of regulations!


Barney

This.


Carl

[Oerets]

Today on NPR....



""Financial Industry Groups Fear Trump Will Block Investor Protection Rule""

""The financial services industry is hopeful that President Trump will move to delay and perhaps overturn an investor protection rule put in place by the Obama administration. The rule requires that financial advisers act in their clients best interest when it comes to their retirement accounts. It has been widely supported by consumer groups, unions and financial watchdogs. The financial industry lobbied against the rule saying it would have unintended consequences and created too much paperwork to make it worth it for advisers to work with small clients.""

http://www.npr.org/2017/02/02/513105...rotection-rule



Barney

[finnbow]

Originally Posted by Oerets

The financial industry lobbied against the rule saying it would have unintended consequences and created too much paperwork to make it worth it for advisers to work with small clients.""

http://www.npr.org/2017/02/02/513105...rotection-rule

Barney

Bullshit. It's the small, unsophisticated clients that they want to rip off with their investment scams.