Steven Mnuchin: “I promised to work with Congress to create and maintain prosperity for all Americans.”

Something is clearly better than nothing.

I would urge Congress to move quickly on the PPP, for which there seems to be enormous bipartisan support.

Let me be clear: That is a false choice. Americans should not have to, and did not have to, choose between quickly getting aid during a crisis and preventing the theft or waste of billions of tax dollars.

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.