Under #DoddFrankRollback, the foreign banks that took billions in bailouts could be able to take more risks, under a less watchful eye.
Banks like Santander - a bank that illegally repossessed cars from eleven hundred American service men and women while they were serving our country - could have its rules rolled back under this bill.
This bill could help Deutsche Bank, which the IMF called, “the most important net contributor to systemic risks” of all worldwide banks.
And this bill could help banks like Barclays and UBS and BNP Paribas. Banks that have rigged interest rates, helped people evade taxes, violated U.S. sanctions against Iran and Sudan, and manipulated energy markets.
These are not the banks down the street lending to homeowners in Sandusky or businesses in Findlay. These are some of the most complex global banks that hold almost 1.4 trillion dollars in assets in the United States and more than 14 trillion dollars in assets abroad.
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