So here we have a lot of bubble talk about liquidity, but it is really an argument that they are trying to put forward to say let us deregulate the banks once again, let us forget the fact that the last time we did this it destroyed the savings of Americans, it destroyed their retirement savings, it often destroyed their mortgages, it destroyed often their very jobs.
Merkley criticizes arguments for deregulating banks based on liquidity claims, citing past financial crises.
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