To me, this is a terrible mistake. We are enshrining some institutions with such importance due to their size and interconnected characteristics that we are implicitly accepting the notion that our Nation's economic well-being is in their hands, not in the hands of the people and their elected officials.
Chuck Schumer: “To me, this is a terrible mistake. We are enshrining some institutions with such importance due to their size and…”
Editor's note · Context
Schumer criticizes the two-tier supervisory system for prioritizing large institutions over community banks.
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