Chilton: Congress is basically launching a ‘flamethrower’ at financial regulations

  • Plans to roll back financial regulations are “disastrous and deeply dangerous.”
  • The House’s CHOICE Act would take a flame thrower to laws regulating the financial industry, the ashes of which could wreak havoc on the system — and the economy.
  • The Senate and president should recall what occurred leading up to 2008 before making a monumental mistake by adopting the CHOICE Act.

Commentary on CNBC by Bart Chilton, a political and policy commentator. He is the former U.S. Trading Commissioner and author of “Ponzimonium: How Scam Artists Are Ripping Off American.” He served on the Obama transition team in 2007-2008.

The full article is available at

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