Skip to main content
Friday, November 13, 2026Nov 13
Subscribe
All Sections
Search
More

Is he for or against regulation? Trump swings in 1 day

FILE - In this Friday, April 21, 2017, file photo, President Donald Trump speaks at the Treasury Department in Washington, where he signed an executive order to review tax regulations set last year by his predecessor, as well as two memos to potentially reconsider major elements of the 2010 Dodd-Frank financial reforms passed in the wake of the Great Recession. While Republicans in Congress craft a bill to unwind the tighter financial rules that took effect after the 2008 crisis, President Donald Trump is looking in another, seemingly opposite direction: He's entertaining the idea of restoring the Depression-era firewall between commercial banking and its riskier investment side. (AP Photo/Susan Walsh, File)
FILE - In this Friday, April 21, 2017, file photo, President Donald Trump speaks at the Treasury Department in Washington, where he signed an executive order to review tax regulations set last year by his predecessor, as well as two memos to potentially reconsider major elements of the 2010 Dodd-Frank financial reforms passed in the wake of the Great Recession. While Republicans in Congress craft a bill to unwind the tighter financial rules that took effect after the 2008 crisis, President Donald Trump is looking in another, seemingly opposite direction: He's entertaining the idea of restoring the Depression-era firewall between commercial banking and its riskier investment side. (AP Photo/Susan Walsh, File)

By Associated Press 4 min read

WASHINGTON (AP) – While Republicans in Congress craft a bill to unwind the tighter financial rules that took effect after the 2008 crisis, President Donald Trump is looking in another, seemingly opposite direction: He’s entertaining the idea of restoring the Depression-era firewall between commercial banking and its riskier investment side.

If Congress reinstated such a law, it might lead to the breakup of big banks.

Trump, who also has denounced the Dodd-Frank crisis financial law and promised to dismantle it, swung between those two extremes of restoring bank regulation and deregulating in a short space of time on Monday in two White House settings.

First, he indicated that he’s exploring a possible push to resurrect the bank separation law, known as Glass-Steagall, or some version of it.

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