That this is how he starts his tenure should confirm that Mr. Trump has no intention of taking on Wall Street. People hoping Mr. Trump would upset, rather than restore, global financial capitalism are in for a rude awakening. Second, while Mr. Trump wants to repeal the fiduciary rule, he appears to have no interest in a replacement for it. Third, rather than meet with regulators, small businesses or community banks, Mr. Trump met with the titans of Wall Street before announcing the directives. Mr. Trump could have taken actions to push reform further.

Source: New York Times February 04, 2017 17:26 UTC