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Economics & Finance financial regulation US politics

Trump’s attempt to roll back financial regulation deserves to fail

Anything more than a tweak to Dodd-Frank would be risky

By George Magnus  
February 13, 2017

President Donald Trump ©Aude Guerrucci/DPA/PA Images

Around nine years ago, the US investment bank Bear Stearns was in trouble, finding increasing reluctance on the part of markets to provide the liquidity it needed to continue operations. In March 2008 the Federal Reserve intervened heavily to give the bank a lifeline. Two months later, the bank was no more, sold for a song to JP Morgan Chase. With the Lehman crisis four months away, the rest,…

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George Magnus

George Magnus is a well known economist and former Chief Economist at UBS. His forthcoming book is "Red Flags: Why Xi's China Is in Jeopardy" (Yale University Press)

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