By: Harley Comrie
Republicans in Congress and Donald Trump want to roll back Dodd-Frank regulations to help banks become more profitable, and remove burdensome regulations. These politicians apparently forget that so-called light touch regulation was a reason for the Great Financial Crisis (GFC) of 2008, the effects of which haunt us still and carried President Trump to power. It is helpful to remember even after the GFC, bank scandals recur with dismal regularity and that regulations form...
Posted in Case Studies
By: Rachel Thomas
Part 2 in SPI’s Trump Financial Ethics Watch Series
Trump’s Repeal of Disclosure of Payments Rule for Oil and Mining Companies
On February 14, President Trump signed his first piece of legislation, H.J. Resolution 41, repealing an anti-corruption measure that required oil and mining companies to disclose their payments to foreign governments. The resolution repeals a Securities and Exchange Commission (SEC) rule written under the 2010 Dodd-Frank financial reform law. The purpose of the SEC...
By: Michelle Chan
Part 1 in SPI’s Trump Financial Ethics Watch Series
Donald Trump’s Conflicts of Interest
As President Donald Trump has adjusted to his first month in the White House, a host of questions have arisen about the future of his multi-billion dollar empire during his time in the Oval Office. After all, President Trump represents something entirely new in the White House; he will be the first president to be actively involved in over 500 local and global companies (as...