And this doesn’t reassure me:
WASHINGTON (Reuters) – The Trump administration moved on Wednesday to shrink a government agency tasked with identifying looming financial risks, notifying around 40 staff members they would be laid off, according to a person familiar with the changes.
The employees at the Office of Financial Research (OFR) were formally told on Wednesday they will lose their jobs as part of a broader reorganization of the agency that was created in the wake of the 2007-2009 global financial crisis, the source said.
The overhaul forms part of a broader push by the Trump administration to reduce government bureaucracy by slashing government jobs and cutting regulations.
Staff at the OFR, an independent bureau within the U.S. Treasury that analyzes market trends to spot financial risks, were told in January that jobs would be eliminated as the administration sought to cut the OFR’s budget by 25 percent to around $76 million, the person said.
He has no real incentive to avoid this. It will stick it to incoming Democrats (just as Bush did) and he’s on record, saying a crash would give him the opportunity to buy properties cheap.