President Trump: To Jumpstart the U.S. Economy, Fulfill Your Promise to Break Up the Big Banks!

Posted: November 18, 2016 in Uncategorized

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Time to hold Trump’s and the Republicans’ feet to the fire over their campaign promises.

peoples trust toronto

Donald Trump and the Republican Platform Called for Restoring Glass-Steagall and Breaking Up the Too Big to Fails

The Republican platform under Donald Trump called for restoring the Glass-Steagall separation between traditional depository banking and speculative investment banking. Trump himself has called for it.

This would lead to the break up of the giant banks.

The New York Times explains:

The Republican Party platform calls for breaking up the large banks by restoring the New Deal-era Glass-Steagall Act, which required a separation of investment from commercial banking.

The People Want Them Broken Up

As Minneapolis Fed President Kaskari points out, a lot of the populist anger which got Donald Trump elected is based on allowing the too big to fail banks to survive:

Mr. Kashkari said he traced some of the nation?s current political anger and polarization to how the government responded to the financial crisis ?…

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Comments
  1. sojourner says:

    You know Trump won’t do this! He can’t, because he would be dead faster than Bill Clinton commits sex crimes!

  2. sojourner says:

    You know what just came to me, Dr B? Trump is not going to fulfill most of the promises he made, just like Obama and all the other ‘elected’ stooges.

    But this time, this failure by Trump, his turning his back on the lower class, might just be the best thing that could have ever happened to all of us, and the rest of the planet as well. I mean this might be the final straw for the 95 to 99%, since where will they go, now, if Donny, their latest savior, turns out to be like Obama and all the rest? I’ll tell you where they will go, to the streets.

    Wow, all of a sudden I feel much better. I might still have time to witness this fraud get blown up and sent back to the hell it came from!

    On the other hand, I could be, as usual, wrong! I’m used to it!

  3. That’s pretty much my feeling. Trump will turn his back on the white working class – and hopefully they’re all fired up now and willing to speak with their feet.

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