The Treasury Secretary continues to peddle financial deregulation as the cure for the chaos caused by the Trump Administration's economic policies.
But deregulation will only make things worse, by making the financial system less stable and accessible for working people.
https://bsky.app/profile/econspeakers.bsky.social/post/3lo2kemhrdk2e
But deregulation will only make things worse, by making the financial system less stable and accessible for working people.
https://bsky.app/profile/econspeakers.bsky.social/post/3lo2kemhrdk2e
Reposted from
Jonathan Todd
Eisen: Where's the growth going to come from?
Bessent: We're putting a special focus on community banks, small banks, small regional banks, which were very near what I would call an extinction event, in the next 4 or 5 years. So the idea is to get them lending again too.
(full Q/A text below)
Bessent: We're putting a special focus on community banks, small banks, small regional banks, which were very near what I would call an extinction event, in the next 4 or 5 years. So the idea is to get them lending again too.
(full Q/A text below)
Comments
A Bank CEO took the reporter up in a privat plane and got out of hte pilots seat and said to the reporter: go on, time to learn
the reporter commented: not the behaviour you expect from a bank CEO