Comment on Federal Reserve unveils toned-down banking regulations in victory for Wall Street

SirDerpy@lemmy.world ⁨2⁩ ⁨months⁩ ago

As usual: The headline sucks.

Capital reserves for the largest banks will increase by 9% instead of the proposed 19%. I expect the Fed rate to be lowered to soften the blow despite nearly every historical indicator saying otherwise.

This is possible because… well… check out these other comments.

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