Our President Trump met with the CEO’s of various small and community banks earlier today as part of the financial reform that underpins much of the overall Trump economic agenda.
Previously President Trump issued an executive order which modified, actually tiered, the choking rules, regulations and compliance reporting within Dodd-Frank banking rules which buried smaller locally operated banks with the same regulatory framework as massive financial institutions.
The next aspect of Trump’s financial reform will most likely come in some form of reinstatement of the Glass-Steagall Act. President Trump personally put the reinstatement of Glass-Steagall into the GOP platform as part of uncoupling Wall Street financial policy from Main Street financial needs. [More explanation on that below]
[Transcript] 11:17 A.M. EST – THE PRESIDENT: Thank you, everybody, very much. Good morning and I greatly appreciate you being here. We have some real experts with us and we have some great bankers with us.
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