Trump’s Wall Street Fundraiser Sparks Renewed Debate Over Deregulation and Regulatory Oversight Following Trade Finance Crisis

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Bitget-RWA2025/11/14 00:30

By:Bitget-RWA

- Trump dined with Wall Street leaders amid First Brands' $3B trade finance collapse, exposing non-bank lending risks and triggering calls for stricter oversight. - Jefferies faces scrutiny over $3B in tied debt as its stock fell 19%, while JPMorgan's Dimon warned of systemic gaps in non-bank lending oversight. - Trump's 50-year mortgage proposal sparked debate, with critics fearing "debt for life," while a 42-day government shutdown worsened market uncertainty. - The administration's deregulatory agenda c

On November 10, 2025, President Donald Trump held a prominent dinner with leading Wall Street figures, including the CEOs of

JPMorgan Chase

& Co. and

BlackRock

, as financial markets continued to deal with the repercussions from the bankruptcy of auto-parts supplier First Brands Group. This gathering took place amid increased attention on trade finance practices, ongoing debates over housing policy, and the recent government shutdown that has added further uncertainty to the economic landscape.

First Brands' bankruptcy in September—triggering more than $3 billion in trade finance liabilities—has highlighted weaknesses in non-bank lending and raised concerns about the thoroughness of Wall Street’s risk assessments. The Cleveland-based firm, formerly known as Trico Products, was heavily dependent on factoring and supply-chain financing to support its aggressive acquisition plans.

Records showed $2.3 billion in factoring obligations

and $800 million in supply-chain finance, numbers that surprised many investors.

Jefferies Financial Group Inc.

, which has been central to First Brands’ debt deals since 2014, is now under scrutiny for its $3 billion trade finance exposure linked to the company.

Jefferies has minimized concerns about its risk

, calling it "manageable," though its shares have dropped 19% since the bankruptcy.

This turmoil has reignited discussions about the dangers of private credit, with

JPMorgan CEO Jamie Dimon cautioning

that the collapse of auto lender Tricolor earlier this year—another casualty from the Trump era—exposed significant regulatory gaps in non-bank lending. Dimon’s remarks have been met with resistance from private credit companies, who argue that banks are more at fault for underwriting lapses.

Meanwhile, the Trump administration has unveiled a proposal for 50-year mortgages as a way to tackle housing affordability issues.

Federal Housing Finance Agency Director Bill Pulte called the plan a "game changer"

, though critics like Rep. Marjorie Taylor Greene have cautioned that it could leave homeowners burdened with "debt for life."

The proposal, first mentioned in a Truth Social post by Trump

, has not yet been enacted but points to a broader effort to transform the housing finance system.

The administration’s policy agenda is also being tested by recent market turbulence. The 42-day government shutdown—the longest in American history—ended on November 11 after a bipartisan deal restored funding for federal agencies and provided back pay to 900,000 furloughed employees.

The agreement sparked a brief rally in equities

but left ongoing worries about political gridlock and its effects on economic indicators and regulatory processes.

Trump’s dinner with financial industry leaders took place amid this climate of market uncertainty. Although the specifics of the conversation have not been made public, the event highlights the administration’s efforts to balance deregulation with initiatives to stabilize critical sectors.

The First Brands episode, in particular, has led to renewed demands

for tighter controls over trade finance, with creditors seeking independent reviews of the company’s accounting.

As the administration works through these issues, its ability to coordinate with Wall Street on housing and financial reforms will play a key role in shaping investor confidence in the months ahead.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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