Steven Mnuchin: “We need to protect the pension-holders in this country.”

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.

Something is clearly better than nothing.

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.

I am appalled that you would knowingly make matters worse by permanently ending essential emergency lending programs.