Between the partisan tax bill, the #DoddFrankRollback bill, and the Administration constantly checking items off of Wall Street’s wish list, it’s a great year to be a big bank. nytimes.com/2018/06/28/bus…
Instead of payouts to executives and wealthy shareholders, big banks should be reinvesting profits into workers, lowering costs for consumers, and taking steps to avoid more taxpayer bailouts.
What’s worse is that the Federal Reserve wants to make life even easier for the big banks, by removing a key funding constraint and reportedly making next year’s tests even easier. -SB
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