Dino Kos: Dodd-Frank Is the Law of the Land

The video discusses the economic and political challenges facing the US under a Trump presidency, focusing on economic growth, policy sharing, and the impact on Beltway culture. It examines the complexities of financial regulations, particularly the Dodd-Frank Act, and the limitations of presidential power in altering these regulations. The discussion highlights the need for collaboration with Congress and the slow process of regulatory change.

What is a key element of the new administration's program to ensure economic growth?

• Increasing military spending

• Reducing taxes for the wealthy

• Focusing on international trade

• Ensuring widely shared growth

How might the Trump presidency reshape the Beltway culture?

• By increasing the number of independent agencies

• By focusing solely on international policies

• By ensuring gains are widely shared

• By reducing the number of congressional sessions

What is a significant challenge in changing the Dodd-Frank Act?

• It is not recognized by the financial community

• It is supported by all political parties

• It requires a public referendum

• It is embedded in statute and regulations

What role do independent regulatory agencies play in financial regulation?

• They only focus on international trade policies

• They are responsible for tax collection

• They set out regulations that are difficult to change quickly

• They can be easily overridden by presidential orders

What is a potential outcome of appointing new regulators under the Trump administration?

• Immediate changes to all financial regulations

• A slow process of regulatory change

• An increase in international trade agreements

• A complete overhaul of the SEC