After a fund raising trip to the influential SALT hedge fund conference in Las Vegas nearly a week ago, Republican presidential candidate Donald Trump on Tuesday suddenly has dismantling Dodd Frank financial regulation on his mind. In the aftermath of the 2008 derivatives crisis – derivatives were a much larger percentage of what caused bank losses than bad consumer loans – the Dodd Frank Act emerged as a method to confront the problem. It wasn’t perfect, as lobbyists hacked and manipulated as much as they could. But what emerged was the toughest regulation of the large banks since and their destructive…
Trump Sets Sights On Dismantling Dodd Frank
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.