Feb
19
Yes, Mr. President, Banks Are Lending
By
President Trump ordered a review of financial regulations. CreditPool photo by Aude Guerrucci
This is the party line: Banks aren’t lending nowadays because the regulatory burden they face is too onerous. And that is hurting the economy and job creation.
Articulating this view, President Trump has vowed to slash financial regulations to fix the problem.
“Frankly, I have so many people, friends of mine, that have nice businesses and they can’t borrow money,” he said in early February. “They just can’t get any money because the banks just won’t let them borrow because of the rules and regulations in Dodd-Frank,” the Wall Street reform law of 2010…
Yes, Mr. President, Banks Are Lending
