Larry Kudlow, a leading host on Fox News and a former director of the National Economic Council during President Trump's first term, slammed one of the nation's largest banks after the president alleged it turned away his business after he left the White House in 2020.
“Now the banks will tell you — and I’ve talked to all the senior people there — that the regulators forced them because of Jan. 6, because of criminal charges made against him in 2022," Kudlow said Tuesday during an appearance on Fox. "They threatened fines, the regulators threatened criminal proceedings against the banks."
Kudlow's comments came hours after Trump said during an appearance on CNBC that J.P. Morgan Chase would not manage his money after he left the presidency in 2020.
“Reputational risks is what the banks are worried about because the regulators and the supervisors would get on their case," Kudlow continued, arguing a new executive order from Trump would help “stop the discrimination against really conservatives.”
“The banks will tell you they had no choice ... because of the Biden regulators," he said. "That may be true, but it’s still a terrible story.”
Trump, during the CNBC interview, defended his firing of the head of the Bureau of Labor Statistics and tariffs on foreign nations, which he says will put America at an advantage over other trading partners.
Source: The Hill - News
