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ysabetwordsmithUS reportedly plans to slash bank rules imposed to prevent 2008-style crash
The move follows heavy lobbying by the banking industry, with lenders such as JP Morgan and Goldman Sachs having long complained that competition and lending have been hindered by burdensome rules governing the assets they must hold versus their liabilities.
Regulators are expected to put forward the proposals this summer, aimed at cutting the supplementary leverage ratio that requires big banks to hold high-quality capital against risky assets including loans and derivatives, according to the Financial Times, which cited unnamed sources.
There is a limit to how much you can do to defend yourself against other people's poor life choices. Every time the 1% go for a joyride and crash the economy, the 99% pay the price. But you can choose where to store your funds, and that can make a huge difference. If you put your money into a credit union instead of a conventional bank, then there is much less tendency toward risky ventures because the officers are elected from among the members who keep their money in the credit union. Find a credit union near you.
The move follows heavy lobbying by the banking industry, with lenders such as JP Morgan and Goldman Sachs having long complained that competition and lending have been hindered by burdensome rules governing the assets they must hold versus their liabilities.
Regulators are expected to put forward the proposals this summer, aimed at cutting the supplementary leverage ratio that requires big banks to hold high-quality capital against risky assets including loans and derivatives, according to the Financial Times, which cited unnamed sources.
There is a limit to how much you can do to defend yourself against other people's poor life choices. Every time the 1% go for a joyride and crash the economy, the 99% pay the price. But you can choose where to store your funds, and that can make a huge difference. If you put your money into a credit union instead of a conventional bank, then there is much less tendency toward risky ventures because the officers are elected from among the members who keep their money in the credit union. Find a credit union near you.
