Trump tweets congratulations to GOP on House vote to repeal Dodd-Frank reforms [Los Angeles Times (CA)]
GE Aerospace (GE)
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Source: Los Angeles Times
He fought the bailouts in 2008. Jeb Hensarling's next move: take down Dodd-Frank With the financial system imploding in 2008, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke implored Congress to authorize $700 billion to bail out the banks or risk a total meltdown. Rep. Jeb Hensarling would have none of it. His actions then represented a key milepost on the Texas Republican’s path to becoming a powerful House committee chairman and a pivotal player in the GOP effort to reduce financial regulation in the Trump era. Hensarling was among the rebellious House conservatives who helped torpedo the first attempt to create the Troubled Asset Relief Program on Sept. 29, 2008, triggering a record stock market plunge . As Wall Street nervously awaited a second vote four days later, he acknowledged that many Americans could lose their jobs and homes if Congress didn’t act. But the man who diverted beer money in college to subscribe to a leading libertarian jou
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