The Globe and Mail reports in its Monday edition that former U.S. Treasury secretary Lawrence Summers says president-elect Donald Trump's "hugely dangerous" plans for deregulation are setting the stage for the next financial crisis. A Bloomberg dispatch to The Globe reports that Mr. Summers says: "Who wants to go back to the era of predatory lending? Who wants to go back to the era of vastly over-levered banks?" Members of Mr. Trump's transition team have vowed to dismantle the 2010 Dodd-Frank Act. During his campaign, Mr. Trump railed against Dodd-Frank, which greatly increased restrictions on banks operating in the United States, but also said he would reinstate a separation between bank lending and securities underwriting, which was removed in 1999. Mr. Trump, via Twitter, has jawboned a number of companies, including automakers General Motors and Toyota Motor, on their plans for expansion in Mexico. Mr. Trump's plans to reduce corporate taxation, Mr. Summers says, would "hugely increase inequality" and could also help strengthen the American dollar, further hurting U.S. exporters and the people who work for them. Mr. Summers is not hopeful of Mr. Trump's infrastructure spending plans.