Politifact quotes Boyden Gray Fellow on Global Growth and Finance Chris Brummer on trade negotiations and financial regulations:
But even if a new administration thinks trade negotiations are the appropriate avenue for dismissing financial regulations, it might not be so simple to get all parties to agree. Some regulations in Europe in particular — such as those affecting credit rating agencies, insurance companies and banker bonuses — “are more stringent than those adopted by the United States in the financial crisis,” said Chris Brummer, senior fellow at the Atlantic Council and Georgetown University law professor.
Obama appears to have misinterpreted Warren’s most recent comments. In responding to them in the Yahoo interview, he said her argument “is based on this dispute-settlement provision I just talked about. There’s no evidence that this could ever be used in this way.”
That’s basically true, said Brummer, of Georgetown Law.