Barney Frank: Trump's Plan to Kill Wall Street Reform Act Could 'Crash' the Financial System (FORTUNE)

When President Donald Trump signed an executive order Friday to peel back the 2010 Dodd-Frank Wall Street Reform Act, the big banks rallied. Shares of the seven largest by market capitalization on the S&P 500 shot up by $35.4 billion, Fortune's Lucinda Shen reported.

But now Barney Frank, one of the authors of the act, has said that dismantling its safeguards on banks' abilities to accrue enormous debt and take on risky loans could place the entire financial system at risk, CNN Money reports....
http://fortune.com/2017/02/08/barney-frank-dodd-frank-trump-repeal/