Trump’s Treasury Plan Wins Approval Of Wall Street Titans

“We need stronger protections for consumers, but instead, this proposal is a toxic concoction of repackaged banker handouts,” said Public Citizen’s Lisa Gilbert.

Jake Johnson
By Jake Johnson
Treasury Secretary Steven Mnuchin takes his seat to testify at a House Appropriations subcommittee hearing on the budget, on Capitol Hill, June 12, 2017, in Washington. (AP/Alex Brandon)

The Treasury Department on Monday released a report (pdf) that "grants Wall Street its wishes" by recommending the White House defang the Consumer Financial Protection Bureau (CFPB) and severely roll back regulations established following the financial meltdown of 2008. Predictably, the financial industry met the report with enthusiasm. But

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In Latest Populist Betrayal, Trump Executive Order Unchains Wall Street Greed

Orders signed Friday are ‘nothing more than special favors for the same Wall Street banks that crashed our economy in 2008 and put millions of Americans out of work.’

Deirdre Fulton
By Deirdre Fulton
President Donald Trump holds up an executive order after his signing the order in the Oval Office of the White House in Washington, Friday, Feb. 3, 2017. The executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial oversight law, which reshaped financial regulation after 2008-2009 crisis. On the far left are Rep. Jeb Hensarling, R-Texas, and Rep. Ann Wagner, R Mo. (AP/Pablo Martinez Monsivais)

In yet another Wall Street giveaway, President Donald Trump on Friday afternoon took executive action to chip away at Dodd-Frank financial regulations and roll back rules aimed at reducing corporate tax avoidance. Lisa Gilbert, vice president of legislative affairs for watchdog group Public Citizen, described the orders signed Friday at the

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Dollar Tumbles On Report Trump Studying Ways To ‘Penalize Currency Manipulators’

The Trump administration is assessing the scope of its power to penalize countries whose currencies it believes are undervalued.

ZeroHedge.com
By ZeroHedge.com
A man holds a newspaper as he looks at an electronic board displaying stock prices at a brokerage house in Beijing, Monday, Dec. 5, 2016. (AP/Andy Wong)

Moments ago, all three main US FX pairs, the yen, euro and yuan snapped higher, following a CNBC report according to which the Trump administration is studying ways to penalize countries whose currencies it believes are undervalued. CNBC cited two unidentified people with direct knowledge of the review who work within the administration. Trump's

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Debt Threats: What Treasury’s Exposure Of Riyadh’s US Holdings Really Means

The US Treasury Department has exposed Saudi Arabia’s total US debt holdings for the first time in 40 years, allowing analysts to answer the crucial question of whether or not Riyadh can carry out its threat to undermine America’s economy.

Sputnik News
By Sputnik News
Saudi Arabian Crown Prince Mohammed bin Nayef

A month ago, Saudi Arabia's Foreign Minister Adel Al-Jubeir threatened Washington, saying his country would sell off up to $750 billion in US Treasures and other assets, undermining the US economy, if a bill allowing families of 9/11 victims to sue the Saudis in a US Court passed in Congress. Al-Jubeir's statement has prompted a lively debate

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Faith-Based Group Challenges Cuban Embargo, One Humanitarian Trip At A Time

Pastors for Peace has defied the ban on U.S. travel to Cuba for the 24th consecutive year.

Martin Michaels
By Martin Michaels

For the 24th consecutive year, Pastors for Peace, a faith-based organization with headquarters in New York, is in Cuba delivering humanitarian aid and defying a 51-year-old embargo on virtually all forms of U.S. aid and travel to the island. It continues a decades-long tradition by thousands of Americans who have challenged the travel ban and

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