Steven Mnuchin: “It would be a burden on economic growth, and, more importantly, it would be a burden on all the American taxpayers.”

Something is clearly better than nothing.

I don’t think anybody should look at what’s a natural, healthy correction of these indexes as indicating that the economy’s in trouble.

There is simply no justification or justifiable reason to take these tools away, with the pandemic crisis worse than it has been.

The reforms would standardize the approach to capital regulation, improve the quality and consistency of bank capital requirements, and level the playing field for U.S. banks.