Warren Says Wall Street ‘Cops are Gone’ After Trump Overhaul
Warren cast the moves as part of a series of rash presidential actions that are seeding uncertainty across the economy.
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Senator Elizabeth Warren said that President Donald Trump’s moves to dramatically cut federal regulatory agencies would leave consumers and markets vulnerable to fraud and corruption, magnifying vulnerabilities to a financial system already beset by uncertainty in the face of the White House’s tariffs.
“Trump at every turn is trying to put deregulators in place across the whole financial services space, and that is really dangerous,” Warren, a Massachusetts Democrat who helped create the Consumer Financial Protection Bureau, said in an interview with Bloomberg News.