While every pundit on the plant, and all of their BFFs, are writing "what does the Trump triumph mean for [INSERT GROUP HERE]?", I'd rather wait until the Orange Man has time to finish his agenda for the first 100 days of his administration, inasmuch in the week following his gob-smacking the country with the reality that it's now got a reality TV star as its bloviator--n-chief, he's been back-peddling on many of his campaign promises faster than Usain Bolt can run forward over one hundred meters. Once the dust settles, perhaps we'll be able to predict with the accuracy with which most Kansas-based meteorologists predict the paths of tornadoes, what The Trumpster intends for the banking sector. He's threatened to repeal Dodd-Frank and roll back the Obama administration's regulatory waterfall, but since he's already waffled on the repeal of the Affordable Care Act and "The Fence Called 'Wall'," we will adopt the wait-and-see approach before becoming breathless in anticipation that the community banking industry has been saved.
I will however, serve up a couple of slow-pitch softballs to stroke to the right field wall. First, Richard Cordray should "do the right thing" and pull his canned resignation letter out of the desk drawer. He can test the PHH decision that makes him removable at the whim of the president, but he's going to lose that battle one way or the other before his term is up in 2018 and in the interim he's going to have to suffer frequent verbal blow-torching by a master of the art of the squeal. Also, Thomas Perez, the Secretary of Labor and prime-pusher of the application of the "Disparate Impact" doctrine in the fair housing context when he was at the DOJ, can start looking in earnest for his next employment opportunity. My advice would be to run sooner than later to avoid the summoning of Toby Keith to D.C. to plant a boot up his a:**, just for the sheer sport of it. Whether, and how much of, the handiwork of those progressive trolls might be unwound over the next few years is impossible to tell at this time. The optimistic (or pessimistic, depending on your political persuasion) predictions I've been reading in the trade press are premature. Our future Fearless Leader often moves down the court ambidextrously dribbling the ball behind his back and between his legs with such dexterity that it's hard to keep your eyes on it. Also, he tends to fake right, then move left, so there's no telling whether he'll keep his campaign promises or retreat like the French Army before the Wehrmacht.
No, at this early stage, the only result of this election that we can discern with certainty is that in its aftermath, a large portion of the millennial generation has wilted like hot house flowers suddenly exposed to direct sunlight. Between the cry-ins, safe space reflection sessions, therapy dogs, pouting, rioting, and nose-blowing, I fear for the future of the "Leastest Generation." According to Glenn Reynolds, even law students have melted into puddles of their own tears.
The University of Michigan Law School announced a ”post-election self-care” event with “food" and "play,” including “coloring sheets, play dough (sic), positive card-making, Legos and bubbles with your fellow law students.” (Embarrassed by the attention, UM Law scrubbed the announcement from its website, perhaps concerned that people would wonder whether its graduates would require Legos and bubbles in the event of stressful litigation.)
From recent contract negotiations with opposing lawyers of the millennial generation, I can tell you that both of them needed therapy dogs, bubbles, and a safe space after encountering the reality of this Boomer, who assured them repeatedly that neither would get a ribbon simply for participating. I am certain that both of them now consider yours truly to be the spawn of Satan (or the secular humanist equivalent, a Republican) for resisting their demands that my client sign what they put in front of it.
So, for the moment, let's put aside all this harsh back-and-forth about what "He-Who-Calls-Lizzie-Pocohontas" might or might not, or should or should not, do regarding banks. Instead, let us take a moment to support the future of this great nation by extending our love and our money to the most fragile vases in our national china cabinet and adopting a millennial, so that he or she can avoid being traumatized by the fact that this world is not, in fact, "all about me." The horror! The horror!