Donald Trump: Banks Incoherent
on Saturday, May 30, 2020Donald Trump Money Quote saying banks of all sizes are processing loans for businesses of all sizes. Donald Trump said:
“Just like we’re going to help the airlines and the big companies, we’re going to help the little companies. And the banks are run – nobody is equipped to do a thing like that, but the banks are equipped. So, the banks are doing it. Big banks, small banks. We have many banks — community banks — and they’re processing the loans” — Donald Trump
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This quote from Donald Trump suggests that just as the government is providing assistance to major industries and large corporations impacted by the pandemic, it will also help support smaller businesses through lending programs. Specifically, he indicates that banks, both large and small, will be the entities facilitating loans to these little companies.
While acknowledging banks have expertise in this area that the government lacks, an balanced interpretation would note that the success of the programs ultimately depended on details of their implementation and oversight.
Overall, the quote conveys an aim of extending aid broadly across business sizes, but a full assessment would consider both Trump’s perspective as well as challenges that arose in fairly distributing relief.