Statement On President Trump’s Actions to Roll Back Wall Street Safeguards

Phil Angelides, who served as Chairman of the Financial Crisis Inquiry Commission, issued the following statement today regarding President Trump’s actions to roll back Dodd-Frank financial market protections and other safeguards put in place after the 2008 financial crisis:

“In the wake of the financial crisis, millions of families lost their homes.  Millions of people lost their jobs. The economy was wrecked and communities across the country were devastated. Big Wall Street banks admitted wrongdoing and paid tens of billions of dollars in fines.  And now, with bankers at his side, President Trump begins to rip apart protections put in place to protect America’s families and our economy. Insane.”