There was more than Obama buddies who helped to crash our economy. It's still bifurcated and corrupted. Trump ran on such things, and such problems still exists, and I doubt will be fixed.
Hold that thought. Did you see Mulvaney got Chief full of Angers Financial job that she couldn't get the other day when the Obamanite quit? It is a 2nd role for him, but follow me here. Do you know, and this is what I call it, a bifurcation of Dodd-Frank is coming so that only the Mega Banks they created have to live by those rules.
The mess may not be totally cleaned up, but the assistants are coming with a mop on isle 1 :-)
BTW "Sundance" on CTH calls it a "parallel banking system"
It takes time to demolish the aberrant structures built up under Obama by banks and their hedge fund cronies freed of Glass-Steagall and given virtual free reign under the look-the-other-way presidency of GW Bush.
Trump signed an extremely significant directive in late February this year, a directive that received no press coverage but there is a YouTube video of him signing it and remarking that it seemed like a small thing but “I guarantee you this is a very big, big thing”.
That directive was to direct Treasury to shut down the fund flow from the Fed’s emergency liquidity facilities for the TBTF banks that was really an attorney jobs program. Shutting that down forces financial crooks to pay their own bills and when they are confronted with that, layoffs within their firms ensue. In sum, President Trump is shutting off the funding spigot to the bank frauds.
In history, it’s always been the case that bank robbers were usually found to be outside the banking system with rare inside jobs occurring. The Obama years saw grow the insider white collar crime with all manner of scams and cons. The victims were middle-class homeowners, they were the prey.
I am asked often why Trump hired Mnuchin because Mnuchin was very close to the fraud described above but at a subsidiary mezzanine level. I don’t really know but I hope it’s because the President wants people with inside knowledge of how the fraud schemes were pulled off and still today are occurring but hopefully winding down.