TBTF

Despite some regulatory gains under the last administration, the deregulation underway by Trump officials threatens to endanger the financial system all over again.

Ten years ago, it was a banking crisis, but it became a political one. That crisis never ended.

Almost 10 years after the financial crisis, Wall Street was starting to wonder aloud: Might Goldman Sachs or Morgan Stanley make a big acquisition? Much of that speculation got a reality check on June 28 when both firms scraped through the Federal Reserve's annual stress tests.

U.S. officials are letting big banks exploit loopholes in Dodd-Frank rules that were meant to curb excessive risk-taking in derivatives, several academics and former policymakers warned. They urged state attorneys general to take action.

Though the regulatory relief law easing the Dodd-Frank Act does little to help the biggest banks, it is still fueling progressive Democrats' anger at Wall Street. That will matter when Democrats eventually retake power.