Showing posts with label Trump's financial policy. Show all posts
Showing posts with label Trump's financial policy. Show all posts

THE ULTIMATE REGULATORY REFORM: ABOLISH FRACTIONAL RESERVE BANKING


The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations. Many of these were enacted in the wake of the 2008 financial crisis. The administration's proposals are included in a report released by the U.S. Department of the Treasury the entitled "A Financial System That Creates Economic Opportunities" (6th June, 2017).

The report was prompted by Executive Order 13772. This ordered the US Treasury Department to examine the United States’ financial regulatory system and detail "executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief."