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2016 Postmortem
Related: About this forumTrump is more Pro Big Banks than any other American President
Donald Trump plans to allow banks to grow bigger. He is putting the bankers in charge of regulating all banking affairs. Trump wants to sale off the national park lands to the highest bidder.
On and on it goes..........
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Trump is more Pro Big Banks than any other American President (Original Post)
UCmeNdc
Nov 2016
OP
kimbutgar
(21,168 posts)1. Looks like I'll be moving my money to a credit union if that occurs
The Velveteen Ocelot
(115,758 posts)2. Do it anyway. Credit unions are a better deal than banks.
Garrett78
(10,721 posts)3. Does anyone actually believe Trump is a populist?
http://www.politico.com/story/2016/11/donald-trump-wall-street-bankers-231524
From the article:
I disagree that there's anything "astonishing" about it.
Of course, I don't think people voted for Trump because of populism.
From the article:
A populist candidate who railed against shady financial interests on the campaign trail is now putting together an administration that looks like an investment bankers dream.
Former Goldman Sachs banker Steven Mnuchin has been seen at Trump Tower amid rumors that hes the leading candidate for Treasury secretary. Billionaire investor Wilbur Ross appears headed to the Commerce Department. Steve Bannon, another Goldman alum, will work steps from the Oval Office. JPMorgan Chase CEO Jamie Dimon remains a possibility as Treasury secretary and will serve as an outside adviser if he doesn't get the job.
Its a restoration of Wall Street power and a potential flip in the way the industry is regulated perhaps unparalleled in American history.
You would have to go back to the 1920s to see so much Wall Street influence coming to Washington, said Charles Geisst, a Wall Street historian at Manhattan College. Its the most dramatic turnaround one could imagine. Thats the truly astonishing part.
I disagree that there's anything "astonishing" about it.
Of course, I don't think people voted for Trump because of populism.
randr
(12,412 posts)4. He will be working on trying to get his own credit problem fixed