BANKING/DODD-FRANK: “Republican promises to dismantle the 2010 Dodd-Frank financial overhaul may prove good news for many financial firms. The bad news for Wall Street: A top target is a provision big banks would rather retain.
‘Orderly liquidation authority,’ or OLA, was an answer to the 2008 bailouts of Wall Street firms during the financial crisis. It empowers the federal government to take over and wind down a failing financial firm. Conservatives have sought for years to repeal OLA. Now Trump administration officials are talking about doing so, providing new momentum.”
– Ryan Tracy, “The Dodd-Frank Rule Banks Want to Keep,” The Wall Street Journal online, Feb. 14, 2017