business π Trump's deregulation could spark another US financial crisis
Martin Gruenberg warned that a major US financial crisis could hit before Donald Trump's second term ends if financial regulations weaken. He stated that the Trump administration is repeating past mistakes by reducing financial oversight across agencies. This echoes crises from the 1980s, 2007-09, and the 2023 regional banking failures. Gruenberg cited concerns over politicizing regulation, staff cuts, and reducing capital requirements for major banks. Reversing this deregulatory path is crucial to prevent future systemic financial instability. π