On the Road to Dead-Frank

It's a good bet that Lloyd Blankfein won't be recording an all-staff voicemail expressing opposition to President Donald Trump's latest executive order.

After just two weeks in the Oval Office, Trump is set to order the Treasury Department and other regulators to conduct a sweeping review of the Dodd-Frank Act -- rules that were introduced following the 2008 financial crisis in the hopes of preventing another one. Implementing any changes won't be swift, with Senator Elizabeth Warren likely to lead Democrats in opposition to what they -- and others -- see as a huge setback to the safety and soundness of the financial system not only the U.S., but globally. Still, some sort of loosening of regulations is likely and with Friday's order, the process begins.