That the new President, Donald Trump, wishes to sign an executive order to repeal parts of Dodd Frank is well known. But Dodd Frank isn't the way to do it:On Friday, the Trump administration signed an executive order to dramatically scale back Dodd Frank. "Today we are signing core principles for regulating the United States financial system," Trump said when signing the order. Earlier in the day Trump said he expected "to be cutting a lot out of Dodd Frank." Dodd Frank insists that anyone making such an offering must retain 5% of the bonds.

Source: Forbes February 03, 2017 20:10 UTC