Ah yes. We need another crash to blame the interest rate drops on.
Advanced-Aardvark-87 on
Yea all the banks are crashing down so in turn they will be selling off their stock holdings in the market not theirs . Ya know that when the banks were getting all that free money from the fed they were dumping it into the stock mkt that’s why we flew up so high and fast . Now they gonna harvest that money back.
MiddleAgedSponger on
This is the set up for the next bank/finacial bailout. Happens like clockwork every 15-20 years.
PhgAH on
They really look at Sillicon Valley Bank and said I want more of that, but bigger
Spiritual-Foot7576 on
I am sure they won’t to anything bad with it
OpportunityDue90 on
Less regulations in financial markets are always good for the end consumers! – Time has proven to be false over and over again
captaing1 on
here we go.
ankole_watusi on
Define “victory”.
foshizin on
To further deregulate banks that are already notoriously under regulated might perhaps be the most corrupt financial decision in FED history. To put things into perspective this whole “deregulation” started in the 80s with Regan, and has now reached the point of no return. With the USD being the world’s reserve currency, these actions are a national security risk. All for the sake of blackrock/vanguard/etc’s dangerously bloated asset portfolios. The socialism (only for the rich) movement doing its finest work here.
zeddknite on
Cocaine is now cheaper and easier to make in “victory” for :::edit::: dealers.
Banking deregulation, what a genius idea that could never cause a massive backfire that results in the further consolidation of wealth in the hands of the wealthy all while demanding bailouts off our tax dollars! It’s not like our housing market is in shambles due to over investment of corporations like blackrock and vanguard!
AndrewHolyMan on
Maybe if we had Glass-Steagall in effect then you can let investment banks run wild.
RiddleofSteel on
How much more can they tone it down? This shit is completely made up nonsense and the banks/markets can almost do whatever the fuck they want now. What a joke.
T0ADcmig on
It’s not a deregulation though, it’s a reduction to a planned requirement increase from 16% to 9%.
SirGlass on
All these comments are fucking dumb but I forgot what sub I am
Not that I agree or disagree what is happening as I am not an economist or banker
The proposal was set to raise capital requirements of the largest banks by 19% , the compromise is tp raise the capital requirements by 9%
So the requirements are still getting raised just not as much , so this is not deregulation ; its just not as much regulation as much as was proposed
L_Tryptophan on
sounds like the banks are in trouble and need less regulations to keep them afloat. Doesn’t look like the market fell for it, if anything, they see it as a warning?
LevelUp84 on
capital requirements are increased from 4.5% to 9% instead of an unreasonable 19%.
ObscureVisage on
Puts and swaps. All. Damn. Day.
tamereen on
Too big to fail, again…
The-zKR0N0S on
This is increasing capital requirements for banks by 9% instead of 19%.
They are still strengthening the banking system.
FedAvenger on
If only there was a precedent or 2 to look back on for what happens when we do this.
23 Comments
[deleted]
Ah yes. We need another crash to blame the interest rate drops on.
Yea all the banks are crashing down so in turn they will be selling off their stock holdings in the market not theirs . Ya know that when the banks were getting all that free money from the fed they were dumping it into the stock mkt that’s why we flew up so high and fast . Now they gonna harvest that money back.
This is the set up for the next bank/finacial bailout. Happens like clockwork every 15-20 years.
They really look at Sillicon Valley Bank and said I want more of that, but bigger
I am sure they won’t to anything bad with it
Less regulations in financial markets are always good for the end consumers! – Time has proven to be false over and over again
here we go.
Define “victory”.
To further deregulate banks that are already notoriously under regulated might perhaps be the most corrupt financial decision in FED history. To put things into perspective this whole “deregulation” started in the 80s with Regan, and has now reached the point of no return. With the USD being the world’s reserve currency, these actions are a national security risk. All for the sake of blackrock/vanguard/etc’s dangerously bloated asset portfolios. The socialism (only for the rich) movement doing its finest work here.
Cocaine is now cheaper and easier to make in “victory” for :::edit::: dealers.
Ah yes, this always ends well.
LETS GO GAMBLING! *great depression* “Aw, dang it!” *1953 inflation recession* “Aw, dang it!” *1973 oil recession* “Aw, dang it!” *1980s recession* “Aw, dang it!” *dot com bubble burst* “Aw, dang it!” *2008 recession* “Aw, dang it!” *Covid lockdown recession* “Aw, dang it!”
Banking deregulation, what a genius idea that could never cause a massive backfire that results in the further consolidation of wealth in the hands of the wealthy all while demanding bailouts off our tax dollars! It’s not like our housing market is in shambles due to over investment of corporations like blackrock and vanguard!
Maybe if we had Glass-Steagall in effect then you can let investment banks run wild.
How much more can they tone it down? This shit is completely made up nonsense and the banks/markets can almost do whatever the fuck they want now. What a joke.
It’s not a deregulation though, it’s a reduction to a planned requirement increase from 16% to 9%.
All these comments are fucking dumb but I forgot what sub I am
Not that I agree or disagree what is happening as I am not an economist or banker
The proposal was set to raise capital requirements of the largest banks by 19% , the compromise is tp raise the capital requirements by 9%
So the requirements are still getting raised just not as much , so this is not deregulation ; its just not as much regulation as much as was proposed
sounds like the banks are in trouble and need less regulations to keep them afloat. Doesn’t look like the market fell for it, if anything, they see it as a warning?
capital requirements are increased from 4.5% to 9% instead of an unreasonable 19%.
Puts and swaps. All. Damn. Day.
Too big to fail, again…
This is increasing capital requirements for banks by 9% instead of 19%.
They are still strengthening the banking system.
If only there was a precedent or 2 to look back on for what happens when we do this.