11/11/2020
https://congress.gov...
"Whether it is intentional or not, the Federal Reserve has a pattern here of prioritizing banks' profits."
"In fact, in my, maybe third, hearing in Congress, in the early spring of 2019, I asked Chairman Jerome Powell about the weakening of the capital liquidity risk requirements, and he claimed that there,..."
"If the Federal Reserve consistently prioritizes banks' profits over the stability of the banking system--if that is, in fact, what they do, who does it seem like they are working for?"
"It sounds like Congress is not the only entity bowing to pressure from big banks."