Big Dirty Money

A blog on business law, politics, and white collar crime

June 13, 2017

A Blueprint for Banking Deregulation

Yesterday, Monday, June 12, the Treasury Department released this white paper entitled “A Financial System That Creates Economic Opportunities Banks and Credit Unions.”

This 159-page report was made to the president in response to his Executive Order 13772 on Core Principles for Regulating the United States Financial System. The authors are Secretary Steven T. Mnuchin and Craig S. Phillips, Counselor to the Secretary.




In the wake of the financial meltdown in 2008, there were many who claimed it had been inevitable, that “no one saw it coming,” and that subprime borrowers were to blame.