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Trump orders review that could relax Dodd-Frank bank rules

Fri, 02/03/2017 - 20:05Fri, 02/03/2017 - 22:00
President Trump wants to "do a big number", as he put it, on the Dodd-Frank act, a law that changed financial regulation after the 2008 crisis.
The landmark legislation was introduced to make sure a financial crisis like the one we saw in 2008 could never happen again. It sought to end banks that were 'too big to fail' and promote financial stability.
On Thursday evening, a senior White House official told me and other reporters about their plans to examine the act and the regulatory system.
Its supporters argue it did just that. Some banks may still be big but they are not too big to fail. The law took away the authority to provide another bailout. And there are now more consumer protections in place.
Speaking in the West Wing, the official described Dodd-Frank as "massive government over-reach", and said that an overhaul of the system would empower consumers, giving them a chance to make "independent" financial decisions.
But the legislation is not without its flaws.
People in the financial industry have welcomed the chance to dismantle Dodd-Frank, and to make other regulatory changes.
The Dodd-Frank act may have been aimed at Wall Street but it hurt Main Street too. Community banks struggled to comply with the laws many new rules.
So, have bankers been pushing the Trump camp for change? We didn't exactly get a straight answer.
Trump administration officials say it is an example of too much government intervention.
The White House official did tell us, however, that he's confident that they're giving consumers "what they want."
The law is not perfect. But whether the financial system will be safer depends on what comes in its place.

Ciaran Maxwell: The Marine who turned to terror

Fri, 02/03/2017 - 16:20Fri, 02/03/2017 - 18:50
There are also concerns that dissident republican groups are becoming more active in the Glens of Antrim, the sparsely populated valleys that stretch north of Larne to the north-east coast.
There are concerns that dissident republicans are becoming more active in parts of Northern Ireland. Last month a police officer was shot and injured in north Belfast.
They have been emboldened by sporadic but worrying incidents of violent dissident activity. Last month a police officer was shot and injured in north Belfast.
Although Maxwell had links to dissident republicans, it is not known how extensive they were. A security source told the BBC that he was "operating as a bit of a lone wolf."

Vegetable shortage: How to cope as supermarkets ration lettuces

Fri, 02/03/2017 - 17:30Fri, 02/03/2017 - 18:25
The group's Alexia Robinson recomments beetroot, kale, cabbages, broccoli and traditional root vegetables for their health-giving properties.
The group's Alexia Robinson recommends beetroot, kale, cabbages, broccoli and traditional root vegetables for their health-giving properties.
Riverford says a slaw made with cabbage, beetroot or swede which will offer "10 times more nutrients" than an iceberg lettuce - which it says aren't known for their nutritional value.
Riverford says a slaw made with cabbage, beetroot or swede will offer "10 times more nutrients" than an iceberg lettuce - which it says aren't known for their nutritional value.