In Reply to: Re: Holy crap Jensen Huang in honeypot scheme? posted by russsmith on November 08, 2026 at 09:34:44
From what I understand, bank CEOs were much more careful about entangling themselves with Trump than their counterparts in the tech industry. I think the main reason is that, for the banks, this wasn't their first rodeo.
The banking industry understands that political power in the United States is cyclical. While many tech CEOs seemed to believe that aligning themselves with Trump was a long-term winning strategy, the bank CEOs recognized that political fortunes eventually change, administrations come and go, and the party eventually ends. They also understood that when it does, there could be investigations and consequences for those who became too closely associated with the administration.
I remember reading an article making this point about two years ago, right around the height of Trump's political resurgence.