The Market Ticker - Oh, He Admits It!
I love it when a former Congresscritter speaks the truth out loud.
New Yorker: It seems to me that we don’t necessarily want to count on the banks or the regulators always being perfect, so having these requirements might be useful.
Frank: I agree, but there’s no way to. You can require greater liquidity, etc. But there’s no way to force people to do their job well. By the way, are you assuming that, under Donald Trump, the regulation of Bank of America and JPMorgan Chase was everything it should be because they were still covered by the law?
Oh,…….
(Click link to read more)
Source: https://market-ticker.org/akcs-www?post=248330
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