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Why Trump’s financial plan is so dangerous

Michael Barr predicts what Donald Trump's presidency could mean for the U.S. financial system.

What does Donald Trump’s presidency mean for our financial system?

I’ve been asked this question a lot since election eve.

Here’s my answer: I’m most worried about what Trump’s promise to “dismantle” financial reform will mean for the economy and the most vulnerable among us.

When the financial crisis hit in the fall of 2008, it was not an act of God or a fluke of history; it was the result of choices made in Washington and in financial institutions and markets. And the consequences were borne most sharply by those least able to afford it. Millions of Americans lost their homes, their jobs, their savings.

The above excerpt was originally published in CNBC. Click here to view the full article.

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Michael Barr

Senior Fellow