If we want to help community banks, why not just help community banks? If we want to help credit unions, why not just help credit unions? If we want to help regionals, why not just help regionals? Why do the big banks get to have more, more, more? #DoddFrankRollback
What has Wells Fargo done to deserve an ounce of leniency? This is a bank that created more than 3.5 million fake accounts, including more than 1,500 in Ohio. And yet the bank wants more, more, more.
What has HSBC done to deserve any special treatment? Just since the crisis, the Department of Justice prosecuted the bank for laundering money on behalf of the Sinaloa drug cartel.
Why are we doing any favors for Citigroup? Just last month, it announced that it systematically overcharged 1.75 million of its customers on their credit cards.
Why are we giving a single ounce of help to these big banks? Besides being repeat offenders, these are the very banks that compete with our local lenders. If we’re trying to help our community banks and credit unions, why give away any favors to their competition?
