Sanders derides Trump over bank moves

Former presidential candidate Sen. Bernie Sanders on Sunday cast President Trump’s moves to undo financial regulations enacted after the 2008 financial crisis as a betrayal of his campaign promises to stand up against Wall Street.

Trump signed an order Friday calling for a review of U.S. financial regulatory laws and regulations, and he openly acknowledged a coming assault on the 2010 package of regulatory reforms known as Dodd-Frank.

Sanders, an independent who ran for the Democratic presidential nomination by pledging to curb the influence of billionaires and bankers, said the move against Dodd-Frank was only one of several contradictions between Trump’s campaign rhetoric and his governing actions.

“This is a guy who ran for president saying, I’m the only Republican (who’s) not going to cut Social Security, Medicare and Medicaid, and then he appoints all of these guys who are precisely going to cut Social Security, Medicare and Medicaid,” he said in an apparent reference to Trump’s nominees to lead the Office of Management and Budget and the Department of Health and Human Services — both of whom have advocated for cutbacks in entitlement spending.