I appreciate this hearing we are having today, but I appreciate more than anything the fact that you have been in the leadership of dealing with the problem that so many of us have been concerned about for so long, and that is, what are we going to do about the unbanked?
Waters emphasizes the importance of addressing the issue of unbanked individuals.
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It is really critically important to the safety and stability of our entire financial system for there to be strong standards of capital, liquidity, and risk management for banks, especially for the largest banks.
Not only would that hand a major victory to Vladimir Putin, it would embolden China's ambitions to invade Taiwan.
I urged the government to block it, and led a letter with 15 Committee Democrats to the bank regulators to immediately strengthen their merger reviews.
I do believe that based on what we understand about the profit margins of the banks, they could really afford to do it.
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