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Presidential Candidate Ryan Binkley Reacts to Moody’s Bank Downgrade

Dallas businessman and presidential candidate Ryan Binkley is running for president because high inflation, growing federal debt and the lack of a balanced budget are going to continue to lead to economic problems like the recent decision by Moody’s to downgrade 10 regional banks. Stock prices fell this week after the financial services company also warned it could lower credit ratings for some of the nation’s biggest lenders.

“This is just another reason why it’s critical that every financial institution takes responsibility for its own risk and operates without the perception that the government will bail it out,” Binkley said. “We need a leader who will make tough choices and reform the system, to prevent taxpayers from rescuing banks that are taking too many risks and to bolster banks that are operating prudently and efficiently.”

This week, Binkley released his 7-Year Economic RESCUE plan to balance the budget and begin making principal payments towards the nation’s growing debt. The plan will eliminate programs that are inefficient and invest in those that are providing a return. It will reduce non-defense discretionary spending; prevent waste, fraud, and abuse; and save Social Security for generations to come. 

“We’re going to take a look at how banks are operating and regulated to prevent bank failures like Silicon Valley Bank,” Binkley said. “Our country is really falling behind. China is loaning money to countries everywhere from Latin America to Europe to Africa, and we’re borrowing money. So we have to make some significant changes in our country financially. You can’t just keep printing more money. We need a new leader to make tough choices instead of deferring to failed messages and failed messengers.”

Binkley is co-founder and CEO of the mergers and acquisitions firm Generational Group and co-founder and lead pastor of Create Church, both in the Dallas area. Under Binkley’s leadership, Generational Group has grown to nearly 400 employees through 16 offices in North America and has sold over 8 billion dollars’ worth of businesses.

The digital-savvy Binkley 2024 campaign can provide media outlets with any downloadable assets needed through its online press kit. To request an interview, contact: 

Binkley 2024 Press Office