Thursday, January 4, 2018

Could banking deregulation re-invite back to the future advanced value and self interest greed system deficits?

and get over it.

A decade after the financial crisis, the federal government is easing up its policing of Wall Street and the banking industry, even without actually repealing broad swaths of regulation.

At the Treasury Department, officials are trying to make it easier for financial firms to avoid being tagged as “too big to fail,” a designation that subjects them to greater oversight. 




A major banking regulator, the Office of the Comptroller of the Currency, has become more forgiving of big banks when it comes to enforcing laws. And the Securities and Exchange Commission is reining in the power of regional directors to issue subpoenas.



1 comment:

  1. Earths citizens have a divine duty to god to prevent all economic Armageddon's would immediately ensue under his Sun.

    ReplyDelete