[What could possibly go wrong??!! Nothing to see here folks.]
Federal Regulators Have Gutted Safety and Soundness Rules for the Biggest Wall Street Banks
By Pam Martens and Russ Martens: November 12, 2020
Last week, the New York Times’ Emily Flitter, Jeanna Smialek and Stacy Cowley provided an excellent rundown of the dangerous rollbacks of regulations on the big banks by federal regulators appointed by Donald Trump.
Today, in preparation for a hearing with these regulators, the House Financial Services Committee has released a Memorandum that further outlines how the safety and soundness of the biggest banks have been impacted by changes to regulations.
Click the link below for the full article.
[Note: It makes absolutely no difference to the big bankers who is in the office. All candidates are their candidate ... therefore they always win.]
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