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Main Street’s bailout of Wall Street occurred less than one decade ago. Remember when investment bankers bundled sub-prime housing loans that were erroneously rated as AAA solid investments? Remember when it all came crashing down in 2008? Remember when so many people lost jobs, retirement funds or faced foreclosure when the variable rates kicked in?

After the Great Depression, banking safeguards were created with the Glass-Steagall Act of 1933. In 1999 that law was weakened, ushering in the “too big to fail” banking empire. Without oversight and regulation, the big banks and Wall Street have proven they will play dirty and seek short-term gain over economic stability.

So why is Donald Trump rolling back the Dodd-Frank law in his first weeks as president? Why has he rescinded the measure that requires brokers to act in a client’s best interest rather than seeking their highest profit? Just who is he looking out for? Is the current focus on illegal immigrants just a smoke screen to divert attention away from actions that quietly permit the return of the big banks and Wall Street’s white collar crimes that brought this nation to its knees? Is President Trump looking out for Main Street?

It is a primary responsibility of all elected officials to secure the economy. By rescinding laws that check greed and fraud, the economic foundation will crumble, with Main Streeters undoubtedly paying the price.

I am more concerned about being harmed by unregulated banking and investment schemes than by undocumented immigrants.

Robin Neal, Greene

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