Trump Prepares to Ease Big Bank Rules

Trump Prepares to Ease Big Bank Rules

Politico: “Trump-appointed regulators are nearing completion of a proposal that would relax rules on how much of a capital cushion the nation’s largest banks must have to absorb potential losses and remain solvent during periods of economic stress… It could be released in the coming months.”

'What could possibly go wrong?': Trump rollback of banking rules is creating shockwaves

Sen. Bernie Sanders (I-Vermont), Sen. Elizabeth Warren (D-Massachusetts), Rep. Alexandria Ocasio-Cortez (D-New York), Rep. Pramila Jayapal (D-Washington) and others on the left have often said that one of the painful lessons of the Great Recession is that the United States needs more regulation of banks, not less. But according to Politico's Michael Stratford, the second Trump Administration is "gearing up to deliver a major win to Wall Street b…

Trump administration prepares to ease big bank rules

The Trump administration is gearing up to deliver a major win to Wall Street banks: Easing rules imposed on megabanks in response to the 2008 financial crisis. Trump-appointed regulators are nearing completion of a proposal that would relax rules on how much of a capital cushion the nation’s largest banks must have to absorb potential losses and remain solvent during periods of economic stress. The plan — being developed jointly by the Federal R…

Regulators Prepare to Ease Post-Financial Crisis Banking Rules

Regulators are reportedly preparing to loosen banking restrictions imposed following the 2008 financial crisis. As Politico reported Saturday (May 31), financial regulators are close to finishing a proposal that would scale back the rules on how much of a capital cushion big banks must maintain to handle losses and remain afloat during economic calamities. The proposal is being developed by the Federal Reserve, the Office of the Comptroller of t…