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Banks Want Efficiency. Critics Warn of Backsliding.

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Banks Want Efficiency. Critics Warn of Backsliding.

"WASHINGTON — A decade after big banks needed government support to dig out of the financial crisis, the Federal Reserve is slowly, but steadily, making a series of regulatory changes that could chip away at new requirements put in place to prevent a repeat of the 2008 meltdown.

Some of the changes, seemingly incremental and technical on their own, could add up to a weakening of capital requirements installed in the wake of the crisis to prevent the largest banks from suffering the kind of destabilizing losses that imperiled the United States economy."

 

https://www.nytimes.com/2019/08/20/business/bank-regulation-federal-reserve.html

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Re: Banks Want Efficiency. Critics Warn of Backsliding.

Why is that when I start to have good credit, the economy sinks?! Last time this happened everyone went bankrupt, including me! This time I have great credit and am almost out of BK7 (year 9) and look what’s happening again!

Maybe I should consider my actions more and put less strain on the economy, eh? 😋
J/k


It’s just funny how this could all work out. Luckily it won’t be me going bankrupt due to stupidity again!
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