Bankers Push Back Against Basel III Endgame Rules

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The heads of Wall Street's biggest banks took their most direct swing yet at Washington's plans to force them to set aside more cash as a buffer against losses. Here are some highlights from their testimony before the Senate Banking Committee.

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These hearings are excellent. So performative. It’s like going to the theater, as the head bankers “testify” in front of their bought and paid for pols. Bravo!

eddiefigueroa
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Over the course of history, when has government intervention in the market and economy ever worked in a fair and equitable manner?

SomeTrader
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Oh that's sad they won't be able to manipulate gold and silver markets without having actual bullion in hand wow sucks for them

robprepp
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Make it easier for banks to lend out money. This proposal for banks to hold more in reserve makes it harder for them to lend to poor people like myself. It seems the government wants us to be a country of renters.

Chris-orv
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I’m just so sick of the financial system at this point that on an ideological level I have to go with bitcoin. I’m not even speculating on that the price will go up or down just out of morals I don’t want to be part of this financial system.

Chris-orv