Casey On President Trump’s Roll Back of Wall Street Rules: “Wrong and Dangerous”

Casey On President Trump’s Roll Back of Wall Street Rules: “Wrong and Dangerous”

Washington, DC – U.S. Senator Bob Casey (D-PA) released a statement following President Trump’s signing of an executive order to roll back rules on Wall Street.

"During the campaign President Trump said he would be tough on Wall Street, then he filled his Administration with billionaires and bankers and now he's trying to roll back the rules put in place to prevent another economic crash like the one that occurred in 2008.

"Rolling back rules for the same Wall Street banks whose reckless behavior crashed the economy and cost millions of middle class families in Pennsylvania and across the nation their jobs and life's savings during the Great Recession is wrong and dangerous. By delaying a requirement that workers and savers receive investment advice that is in their best interest, this executive order will also adversely impact seniors who will now have less protections when seeking investment advice.

"Big banks are posting record profits, they and those at the very top don't need help, but Pennsylvanians in Luzerne, Erie, Beaver and Cambria counties need good paying jobs that support their families.

"This past week in Allentown I outlined a substantial infrastructure plan that will repair our roads and bridges, create jobs and boost growth; it's time for Donald Trump to focus on jobs instead of giveaways to Wall Street banks."

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