President Donald Trump commended insurance companies for their response to the January 2025 Los Angeles wildfires, while criticizing banks, particularly Wells Fargo & Co. (NYSE:WFC), for their lack of support.
Trump took to Truth Social on Thursday to praise insurance companies for “stepping up to the plate” and making “big progress” in treating homeowners affected by the disaster. However, he criticized banks for their inadequate response. He pledged to investigate their actions and urged them to treat the victims fairly.
“Wells Fargo, in particular, has been very difficult to deal with,” wrote Trump.
The President also mentioned his plans to work with local authorities to ensure a smooth resolution to the situation. He thanked the EPA Administrator, Lee Zeldin, for his swift and effective environmental work.
Trump’s post came on the heels of his Oval office meeting with Los Angeles Mayor Karen Bass, Fifth District Supervisor Kathryn Barger (Los Angeles County Board of Supervisors), and the Supervisor’s Chief of Staff, Anna Mouradian, to review progress on recovery efforts following the devastating fires, on Thursday.
Bass and Barger, in a joint statement on X, said …
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