WASHINGTON, D.C.—Dennis M. Kelleher, Co-Founder, President & CEO, issued the following statement in connection with the release of Better Markets’ Report Card on the Trump Administration’s first year of economic and financial policies.

“Trump’s first-year economic and financial policies and actions have earned him an F grade, as illustrated by the attached Report Card. No matter what he says, how loud or how often, Trump’s first-year policies and actions have been terrible for the economy, affordability, investors, consumers, the financial system, financial stability, and equal and fair enforcement of the law. Whether you have a savings or checking account, credit card, debit card, mortgage, student loan, car loan, or a retirement plan, personal loan, college savings fund, publicly traded stock, or any other financial product or service, Trump’s policies and actions have harmed you.

“From destroying consumer protection at the CFPB and unleashing unregulated crypto and gambling on the American people at the CFTC to a crusade against community banks at the Fed, FDIC and OCC and protecting management not investors at the SEC—while letting crooks, scammers and criminals go free and politicizing decision making at the independent agencies—Trump has inflected pain on Main Street while boosting the profits and bonuses on Wall Street. That’s not only bad for the American people, but also for the economy. While taking down the protections and guardrails, he’s inflating a bubble that is going to crash the economy and cause bailouts, crushing Main Street like the 2008 crash did.

“It is clear that Trump deserves a failing grade on his economic and financial policies and actions in this first year. Today’s Report Card details why.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies—including many in finance—to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.org.