Trump says actively considering breaking up big banks: Bloomberg TV
Source: Reuters
Mon May 1, 2017 | 1:33pm EDT
U.S. President Donald Trump said he was actively considering breaking up big banks, Bloomberg Television reported on Monday.
Trump's comments could give a push to efforts to revive the Depression-era Glass-Steagall law that separated commercial lending from investment banking. Reviving such a law would require an act by Congress.
"Im looking at that right now, Trump said on Monday in an interview with Bloomberg News in the Oval Office. Theres some people that want to go back to the old system, right? So were going to look at that. While campaigning for president, Trump had expressed support on the campaign trail for a "21st-century Glass-Steagall."
One of Trump's top economic advisers, Gary Cohn, director of the National Economic Council, reiterated Trump's support for the concept during a private meeting with lawmakers on April 6, a White House spokesperson told Reuters.
Read more: http://www.reuters.com/article/us-usa-trump-banks-idUSKBN17X22G?il=0
deurbano
(2,891 posts)exboyfil
(17,857 posts)Given they don't loan him money.
Ohioblue22
(1,430 posts)and that "something has to be happened" about the big banks (not loaning me money)
Javaman
(62,435 posts)to make one big bank and him as CEO.
LiberalLovinLug
(14,153 posts)Me.
(35,454 posts)KPN
(15,585 posts)Then he'll talk about how terrific and wonderful they are, what a great job they're doing,
The only reason 45 will ever do this is if his base support starts flagging sufficiently and he begins to sense he has lost his grip on the WH whether by impeachment or losing the next election. Maybe in that case he would do something like this -- just to stay in control. He wants nothing else but to be King.
Bernardo de La Paz
(48,773 posts)Bernardo de La Paz
(48,773 posts)bluedigger
(17,077 posts)louis-t
(23,199 posts)and he will change his mind. Unstable, unethical, cretin.
Dave Starsky
(5,914 posts)By the most wanton criminal who has ever held the office.
BumRushDaShow
(127,260 posts)He needs to extricate himself from the Russian banks and probably figures this may be a good way to do it. But he doesn't realize that the GOP banksters who control the GOP congress ain't gonna comply.