Trump has no intention of draining the swamp
Boo-hoo! President Trump’s wealthy cronies can’t borrow money, so he is determined to dismantle Dodd-Frank consumer protection regulations put in place after the 2008 crash.
Though his “drain the swamp” rhetoric helped put him in office, now we see the opposite meaning that those words truly convey. His intent is to break the fiduciary responsibilities and requirements of Dodd-Frank that protect consumers from being ripped off. Brokers will soon be able to take advantage and then take action to protect their own profit making interests rather than to protect and safeguard their clients’ interests.
Clearly, charlatan Trump’s administration has already shown us how blatantly deceptive its intentions really are going forward.