Deals
Munger Says Fellow Republicans Are ‘Bonkers’ for Taking Away Bank Regulations
- He says banks need to act in a ‘careful, standardized way’
- Trump has called Dodd-Frank regulation a ‘disaster’ for U.S.
President Donald Trump was interviewed at the White House by Bloomberg News reporters Jennifer Jacobs and Margaret Talev. (Source: Bloomberg)
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Charles Munger, the vice chairman at Warren Buffett’s Berkshire Hathaway Inc., said the leaders of his political party risk going too far in their efforts to reduce oversight of banks.
“My fellow Republicans -- the ones taking away all this regulation of major finance -- I think that’s bonkers,” Munger, 93, said Monday on CNBC.