erik lundegaard

Friday February 03, 2017

Quote of the Day

“Ending Dodd-Frank would be deeply misguided and likely to recreate the very conditions that led to the 2008 financial crisis, shuttered American businesses, and cost millions of Americans their jobs. The financial sector will get a nice sugar high for a few years, and then crash the economy.”

-- Michael S. Barr, professor of law and public policy at the University of Michigan, nonresident senior fellow at the Center for American Progress, and former assistant treasury secretary for financial institutions, in Fortune, Dec. 2016

It's put here today because Dodd-Frank is today's Trumpian crisis. We get at least one a day. Some are based on campaign promises Trump made, including this one, although I don't think he made it often, or loud, particularly when speaking before working class Americans. Other moves that Trump and the GOP have made that weren't based on stump speeches? Adding coal to water, allowing mentally disturbed people access to guns, finally standing up to Australia.  

Posted at 07:02 AM on Friday February 03, 2017 in category Quote of the Day  
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Twitter: @ErikLundegaard