08/21/2024
https://transcripts.cnn.com...
"I see one move after another to weaken regulation over Wall Street banks, and that worries me."
"In 2019, you changed the rules so that the 13 banks with $250 billion to $700 billion in assets could submit full living wills only once every 6 years instead of every year."
"So let us move to another regulation, the Volcker Rule, the rule that works sort of like Glass-Steagall 'light' to separate commercial banking from Wall Street risk taking."
"We cannot allow the biggest banks to funnel their extra cash into stock buybacks that juice their profits instead of investing in the real economy."