Trump says actively considering breaking up big banks: Bloomberg TV

[DonViejo]

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.

"I’m looking at that right now,” Trump said on Monday in an interview with Bloomberg News in the Oval Office. “There’s some people that want to go back to the old system, right? So we’re 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]

1. Yeah, right.

[exboyfil]

2. He might actually try

Given they don't loan him money.

[Ohioblue22]

4. agreed he'll start whining that the banks are very mean to him

and that "something has to be happened" about the big banks (not loaning me money)

[Javaman]

3. break them up...

to make one big bank and him as CEO.

[LiberalLovinLug]

5. .....

[Me.]

6. My Thought Exactly

[KPN]

7. Yeah, until he actually talks with Jamie Dimon and Lloyd Blankfein.

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]

8. He would exempt Goldman-Sachs because he is merely a subsidiary of the Goldman-Sachs Oligarchy. . nt

[Bernardo de La Paz]

9. Break them up? About as much as he tried to "drain the swamp" by adding alligators. . . nt

[bluedigger]

10. That won't last until his next meeting with the Goldman Sachs Cabinet.

[louis-t]

11. No, he won't. Someone will shove a bunch of money under his nose

and he will change his mind. Unstable, unethical, cretin.

[Dave Starsky]

12. Exactly. This is a shakedown.

By the most wanton criminal who has ever held the office.

[BumRushDaShow]

13. +infinity

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.