The Trump administration's Wall Street deregulation isn't just bad policy. As @jeremykress.bsky.social and I explain in a forthcoming essay, much of it is likely illegal.
The big question is who can and will do anything to challenge it before the risks go too far.
papers.ssrn.com/sol3/papers....
papers.ssrn.com
Extra-Legal Bank Capital Regulation
After decades of deregulation culminated in the 2008 financial crisis, policymakers identified bank capital requirements as the most important tool for preventi
@ddayen.bsky.socialWall Street has been demanding lower capital requirements since the moment it broke the economy in the financial crisis. Now the banks are going to get them, just as financial risk is swelling. Not good!
Eleanor Davis-Diver has the story.
prospect.org/2026/08/24/w...
prospect.org
The Best Protection Against Financial Crises Is Being Destroyed - The American Prospect
When Wall Street blew up the economy, they were forced to cut back on risky borrowing. Now those restraints are being ripped away.