President Trump on Friday signed executive orders postponing a contentious rule on investment advisors and another directing the Treasury Department to conduct a review of the Dodd-Frank Act, with the intention to generate proposals for reform. If we are to avoid or at least minimize the impact of future financial crises, then such a review is an imperative, as Dodd-Frank has failed to address the actual causes of the crisis, while in many areas leaving our financial system even more vulnerable.

Part of the public dissatisfaction that drove Trump into office is a direct result of Washington’s response to the financial crisis. While big banks, along with the auto companies, were rescued, middle-class Americans were left picking up the tab.