Big banks in the U.S. would be allowed to hold billions of dollars less in capital on their books under new proposals

Good news! About time! Bravo President Trump! The business of America is business!

"Doing so would ease rules put in place after the 2008 financial crisis that were meant to help shield against meltdowns. Translation: A big win for big banks, which had resisted sharply higher requirements proposed under the Biden administration. JPMorgan Chase and others waged an intense lobbying campaign to fight them. Wall Street’s embrace of Trump 2.0 largely centered on the prospect that such plans for stricter rules would be scrapped. Trump officials say simplifying the rules will boost lending and benefit the economy."

Wall Street Journal What's news

On The Office Of The Currency Comptroller

Posted: 1/14/2017

Introduction

Few people probably know that such an office exists in Washington, DC. It is one or one too many of several agencies tasked with the supervision and control of the financial sector in the entire U.S..

It is perhaps the oldest such federal agency (established in 1863). This agency never prevented or forecast any of the several, severe financial crisis that plagued the U.S. since its establishment.

Federal Government Overreach Example

I just stumbled across this fine example how the federal government is involved in petty tasks that should be left to the individual states or otherwise.

Why does the OCC have to get involved in accepting an application for and approving of the opening of a single bank branch office of a very local, small bank in Moore, OK? See the Corporate Decision #2001-07 April 2, 2001 May 2001

Incredible! Beats me! How did it come to this in the United States of America!