February 03, 2017

Senator Elizabeth Warren's Statement on President Trump's Executive Orders to Roll Back Dodd-Frank, DOL Conflict-of-Interest Rule

Washington, DC - United States Senator Elizabeth Warren released the following statement today on President Trump's executive orders to roll back financial reforms and to delay the Department of Labor's Conflict of Interest rule for financial advisers:

"Donald Trump talked a big game about Wall Street during his campaign - but as President, we're finding out whose side he's really on. Today, after literally standing alongside big bank and hedge fund CEOs, he announced two new orders - one that will make it easier for investment advisors to cheat you out of your retirement savings, and another that will put two former Goldman Sachs executives in charge of gutting the rules that protect you from financial fraud and another economic meltdown. The Wall Street bankers and lobbyists whose greed and recklessness nearly destroyed this country may be toasting each other with champagne, but the American people have not forgotten the 2008 financial crisis - and they will not forget what happened today."