WASHINGTON ― The Republican Party has been allied with Wall Street since the presidency of William Howard Taft. Republicans had stumbled into a compromise policy that would repeal Dodd-Frank and replace it with Glass-Steagall. And unlike repealing and replacing Obamacare, the replacement for Wall Street was both workable and available. On Thursday, Trump spokesman Sean Spicer opened his press briefing with a paean to small banks, bemoaning their regulatory burden. “Since 2008, the number of small banks has declined 30 percent,” Spicer declared.

Source: Huffington Post March 11, 2017 20:26 UTC