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>“This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system,” the Treasury Department said in a stat
by ren_engineer 4y ago
>“This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system,” the Treasury Department said in a statement Thursday.
why is the treasury department commenting on this? How much was this "show of support" ordered by the government itself? I highly doubt Wall Street bankers did this out of the goodness of their hearts. People should be disgusted by how intertwined the Fed, government regulators, and the finance industry have become. We are going to pay the price for not holding people to account in 2008, the punishment wasn't enough to actually change the culture of Wall Street