Is he for or against regulation? Trump swings in 1 day
While Republicans in Congress craft a bill to unwind the tighter financial rules that took effect after the 2008 crisis, President Donald Trump is looking in another, seemingly opposite direction: He's entertaining the idea of restoring the Depression-era firewall between commercial banking and its riskier investment side.
If Congress reinstated such a law, it might lead to the breakup of big banks.
Trump, who also has denounced the Dodd-Frank crisis financial law and promised to dismantle it, swung between those two extremes of restoring bank regulation and deregulating in a short space of time on Monday in two White House settings.