Former FDIC Chair Sheila Bair Cautions Against Dismantling Dodd-Frank

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Former Federal Deposit Insurance Corporation (FDIC) Chairman Sheila Bair testifies during a hearing before the Senate Banking, Housing and Urban Affairs Committee June 30, 2011 on Capitol Hill in Washington, DC. (Alex Wong/Getty Images)

Donald Trump’s economic team and his nominee for Treasury Secretary, Steven Mnuchin, want to dismantle the 2010 Dodd-Frank regulations put in place in the aftermath of the financial crisis in order to prevent another one.

Here & Now’s Jeremy Hobson talks with Sheila Bair (@SheilaBair2013), who was the chair of the Federal Deposit Insurance Corporation from 2006 to 2011, about how Dodd-Frank might be rolled back and whether it’s a good idea to loosen banking regulations.

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