Financial Reform
To quote Jamie Dimon of JP Morgan Chase before Congress on June 13, 2012, "I believe in strong regulation, not necessarily more regulation". He also said continuing to add regulation on top of bad, ineffective regulation would just make it more complex and costly and less effective. That is the common sense approach, with out political maneuvering. People are concerned when they hear that Congress invites industry experts in to discuss development of laws and regulations for fear of watering down the law/regulation. So, that means they would rather have politicians in Congress who DO NOT understand the industry, develop a new law/regulation on their own? That hurts the industry, the economy and the employees and clients of the industry in question. If Congress is the "executive" representing the people of the US, they should use industry experts and make strong and proper executive decisions that create effective laws with positive results for the country.

Former US banker Steve Mnuchin confirms he will be US treasury secretary

11/30/16
from BBC News,
11/29/16:

Former Goldman Sachs executive Steve Mnuchin has confirmed he will be the new US treasury secretary ahead of an official announcement.

Mr Mnuchin told CNBC on Wednesday his priority in his new job would be to cut corporate taxes and boost the economy. He said that cutting taxes would stimulate "huge economic growth". Mr Mnuchin was Mr Trump's campaign finance chairman and has no government experience. He earned a fortune over 17 years at Goldman Sachs investment bank. He told CNBC that most tax cuts would benefit middle-income people. "Any reductions we have in upper income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class," he said.

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