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Early indications suggest that Donald Trump’s administration may be more friendly to Wall Street and less populist than suggested on the campaign trail.

The president-elect’s transition website, unveiled Thursday, stated that the transition team would be “working to dismantle the Dodd-Frank Act,” the 2010 law signed by President Obama in the wake of the financial crisis imposing new rules on banks.

Not mentioned was Trump’s campaign-trail call to reinstate Glass-Steagall, the Depression-era separation between commercial and investment banks that would effectively break up megabanks.

Earlier this year, while campaigning in Iowa, Trump told the audience that “I’m not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us. We’re going to tax Wall Street.” The former businessman has also said that he wants to eliminate tax breaks for hedge funds, and routinely portrayed his rivals as controlled by banks.

But his reported candidates for Treasury secretary showed no populist tendencies.

Reports from before the election suggested that Trump’s preferred nominee would be Steven Mnuchin, his campaign finance chairman, who is a hedge fund manager and former banker at Goldman Sachs.

On Thursday, unnamed sources associated with the transition team floated other possibilities, neither at all populist. One is Jeb Hensarling, the free-market Texas chairman of the House Financial Services Committee, who has advanced legislation to replace Dodd-Frank.

Another is Jamie Dimon, the head of JPMorgan Chase, the largest bank in the country. Speaking at a conference in New York Thursday, Goldman Sachs CEO Lloyd Blankfein said that the choice of Dimon would be “terrific,” according to Bloomberg.

The head of financial services policy for Trump’s transition team is the kind of Washington insider that Trump has suggested he would “drain the swamp” of: a former government official — a commissioner at the Securities and Exchange Commission — now working as a lobbyist, Paul Atkins.

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With Atkins, “Trump has found an experienced hand who has been a longtime opponent of financial regulation and corporate penalties. I would expect financial executives and markets to cheer the news, and it seems they have been,” said Tyler Gellasch, a former Senate and SEC aide.

On Thursday, an outside adviser to Trump also suggested that the incoming president would try to stop a new Labor Department rule requiring all brokers and financial advisers to act in their clients’ best interests, a standard favored by consumer advocates to eliminate conflicts of interests between advisers and their clients.

Anthony Scaramucci, a hedge fund manager, said that undoing the regulation would be “a big plank” of Trump’s agenda, in comments made to the Financial Times.

Bank stocks did indeed rise Thursday as news evolved, with Goldman Sachs, JPMorgan, Citibank, Morgan Stanley and Wells Fargo all up by around 4 percent on the day.

Five ways Trump could change Obamacare right away

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There’s a laundry list of things President-elect Donald Trump could do on his own to modify the Affordable Care Act.

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Five things Trump could do to change Obamacare right away

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There’s a laundry list of things President-elect Donald Trump could do on his own to modify the Affordable Care Act, even if Congress gets hung up on exactly how to repeal and replace it.

While the Affordable Care Act is a lengthy piece of legislation, the Obama administration issued many more pages of regulations and guidance explaining exactly how it should be implemented. The new administration, under the direction of Trump, could amend or get rid of those directives as soon as it’s in place next year, and thus significantly alter the law without having to wait for Congress.

Additionally, the Department of Justice is involved in several ongoing disputes involving the healthcare law and some of the payments it lays out for

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