During the presidential campaign, Trump called for a “21st century” version of the 1933 Glass-Steagall law that required the separation of consumer and investment banking. The 2016 Republican party platform also backed restoring the legal barrier, which was repealed in 1999 under a financial deregulation signed by then-President Bill Clinton. A handful of lawmakers blame the repeal for contributing to the 2008 financial crisis, an argument that Wall Street flatly rejects. Trump couldn’t unilaterally restore the law; Congress would have to pass a new version.
This would be a very important move by President Trump to break up the big banks in America, since the banking world is mostly to blame for mass poverty in the United States Of America. If Trump breaks up the big banks, then this will likely mean an end to criminal interest rates from the big banks in America. If President Trump separates investment banking from consumer banking, then this would mean simply that America wouldn't have to worry about their bank accounts being criminally used for bank investments on Wall Street.
If Trump is truly considering breaking up the big banks...This will also likely mean if banks get in trouble they cannot seek taxpayer dollars for bailouts. Which the bailouts mostly led to pay increases for bank CEO's and other top bank officials, which only led to continued collapsing of Americas biggest banks even after the 2008 bailout. If President Trump in the near future breaks up the big banking system in America, it will likely be the biggest move by a sitting President in US history next to freeing the slaves...And you have to wonder with this if Auditing the Fed is now on Trump's agenda since he is now considering breaking up Americas criminal banking industry?