 Report: Corrupt Wall Streeters Are Three Times More Likely To Go Unpunished Under TrumpDonald Trump s chief economic adviser and Director of the National Economic Council is Gary Cohn. Trump s Secretary of the Treasury is Steven Mnuchin. Dina Powell is his Deputy National Security Adviser, and Steve Bannon is the president s chief strategist. What do all of these people have in common, aside from terrible taste in employers?They all came from Goldman Sachs, the Wall Street powerhouse that made billions of dollars during the subprime mortgage crisis that tanked the American economy beginning in 2007.Much has been made of the hypocrisy of Donald Trump s claims of  draining the swamp.  He simultaneously hired and promoted many of the same (and some even worse) swamp-dwellers that made Washington, D.C. into the quagmire of grift, corruption, and greed that constituted the bog that needed its plug pulled. But all we knew until now was that those assholes were still in positions of authority. We had no idea what kind of impact they were having on Trump s presidency, outside of tax proposals that screw ordinary Americans and drastically reduce rates for people like themselves.But now an analysis from the Wall Street Journal is shedding some light on a more nefarious aspect of their influence on Trump policy:Wall Street regulators have imposed far lower penalties in the first six months of Donald Trump s presidency than they did during the first six months of 2016, a comparable period in the Obama administration.If you re like me, you know that Wall Street isn t suddenly behaving itself   so why the change?It comes from another of Trump s campaign promises: To destroy Dodd-Frank, the now 7 year-old bill signed by Barack Obama that aimed to  reform  Wall Street after the fallout from the massive recession they were essentially solely responsible for. Life savings were lost, the housing market was upended, and ultimately the US economy tanked, resulting in bailouts for the big banks that both parties hated. Back on April 11, Trump met with a bunch of CEOs and told them they didn t have to worry much longer:For the bankers in the room, they ll be very happy because we re really doing a major streamlining and, perhaps, elimination, and replacing it with something else.But Trump s drive to dismantle the landmark legislation still hasn t taken effect, so in the meantime, what his administration can do to make life easier for Wall Street   literally the only people who will benefit from the destruction of Dodd-Frank   is to back off the penalty part of the  horrendous  regulations Dodd-Frank imposed. And boy, have they. From the WSJ:Penalties levied against firms and individuals by the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Financial Industry Regulatory Authority in the first half of 2017 were down nearly two-thirds compared with the first half of 2016. [This] put regulators on track for the lowest annual level of fines since at least 2010.2010. Back when Dodd-Frank was signed.Featured image via Drew Angerer/Getty ImagesNews
report corrupt wall streets are three times more likely to go unpublished under trumpdonald trump chief economic adviser director national economic council gary con trump secretary treasury steven mnuchin dia powell deputy national security adviser steve cannon president chief strategist what people common aside terrible taste employers they came goldman sachs wall street powerhouse made billions dollars surprise mortgage crisis ranked american economy beginning made hypocrisy donald trump claims draining swamp he simultaneously hired promoted many even worse made washington quagmire gift corruption greed constituted bog needed plug pulled but knew asshole still positions authority we idea kind impact trump presidency outside tax proposals screw ordinary americans drastically reduce rates people like analysis wall street journal shedding light nefarious aspect influence trump policy wall street regulators imposed far lower penalties first six months donald trump presidency first six months comparable period obama like know wall street suddenly behaving change it comes another trump campaign promises to destroy bill signed barack obama aimed reform wall street fallout massive recession essentially solely responsible life savings lost housing market opened ultimately us economy ranked resulting bailout big banks parties hated back april trump met bunch ceo told worry much longer for bankers room happy really major streamlining perhaps elimination replacing something trump drive dismantle landmark legislation still taken effect meantime administration make life easier wall street literally people benefit destruction back penalty part horrendous regulations imposed and boy from wsj penalties levied firms individuals securities exchange commission commodity futures trading commission financial industry regulatory authority first half nearly compared first half this put regulators track lowest annual level fines since least back image via drew imagenes
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT:  Report: Corrupt Wall Streeters Are Three Times More Likely To Go Unpunished Under TrumpDonald Trump s chief economic adviser and Director of the National Economic Council is Gary Cohn. Trump s Secretary of the Treasury is Steven Mnuchin. Dina Powell is his Deputy National Security Adviser, and Steve Bannon is the president s chief strategist. What do all of these people have in common, aside from terrible taste in employers?They all came from Goldman Sachs, the Wall Street powerhouse that made billions of dollars during the subprime mortgage crisis that tanked the American economy beginning in 2007.Much has been made of the hypocrisy of Donald Trump s claims of  draining the swamp.  He simultaneously hired and promoted many of the same (and some even worse) swamp-dwellers that made Washington, D.C. into the quagmire of grift, corruption, and greed that constituted the bog that needed its plug pulled. But all we knew until now was that those assholes were still in positions of authority. We had no idea what kind of impact they were having on Trump s presidency, outside of tax proposals that screw ordinary Americans and drastically reduce rates for people like themselves.But now an analysis from the Wall Street Journal is shedding some light on a more nefarious aspect of their influence on Trump policy:Wall Street regulators have imposed far lower penalties in the first six months of Donald Trump s presidency than they did during the first six months of 2016, a comparable period in the Obama administration.If you re like me, you know that Wall Street isn t suddenly behaving itself   so why the change?It comes from another of Trump s campaign promises: To destroy Dodd-Frank, the now 7 year-old bill signed by Barack Obama that aimed to  reform  Wall Street after the fallout from the massive recession they were essentially solely responsible for. Life savings were lost, the housing market was upended, and ultimately the US economy tanked, resulting in bailouts for the big banks that both parties hated. Back on April 11, Trump met with a bunch of CEOs and told them they didn t have to worry much longer:For the bankers in the room, they ll be very happy because we re really doing a major streamlining and, perhaps, elimination, and replacing it with something else.But Trump s drive to dismantle the landmark legislation still hasn t taken effect, so in the meantime, what his administration can do to make life easier for Wall Street   literally the only people who will benefit from the destruction of Dodd-Frank   is to back off the penalty part of the  horrendous  regulations Dodd-Frank imposed. And boy, have they. From the WSJ:Penalties levied against firms and individuals by the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Financial Industry Regulatory Authority in the first half of 2017 were down nearly two-thirds compared with the first half of 2016. [This] put regulators on track for the lowest annual level of fines since at least 2010.2010. Back when Dodd-Frank was signed.Featured image via Drew Angerer/Getty ImagesNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: report corrupt wall streets are three times more likely to go unpublished under trumpdonald trump chief economic adviser director national economic council gary con trump secretary treasury steven mnuchin dia powell deputy national security adviser steve cannon president chief strategist what people common aside terrible taste employers they came goldman sachs wall street powerhouse made billions dollars surprise mortgage crisis ranked american economy beginning made hypocrisy donald trump claims draining swamp he simultaneously hired promoted many even worse made washington quagmire gift corruption greed constituted bog needed plug pulled but knew asshole still positions authority we idea kind impact trump presidency outside tax proposals screw ordinary americans drastically reduce rates people like analysis wall street journal shedding light nefarious aspect influence trump policy wall street regulators imposed far lower penalties first six months donald trump presidency first six months comparable period obama like know wall street suddenly behaving change it comes another trump campaign promises to destroy bill signed barack obama aimed reform wall street fallout massive recession essentially solely responsible life savings lost housing market opened ultimately us economy ranked resulting bailout big banks parties hated back april trump met bunch ceo told worry much longer for bankers room happy really major streamlining perhaps elimination replacing something trump drive dismantle landmark legislation still taken effect meantime administration make life easier wall street literally people benefit destruction back penalty part horrendous regulations imposed and boy from wsj penalties levied firms individuals securities exchange commission commodity futures trading commission financial industry regulatory authority first half nearly compared first half this put regulators track lowest annual level fines since least back image via drew imagenes