The Federal Reserve Is Caving to the Big Banks—Again

https://newrepublic.com/article/185804/federal-reserve-dimon-capital-requirements

by justin_quinnn

5 comments

  1. Lol. The Federal Reserve is the most powerful economic institution in the world.  it doesn’t cave.

  2. While when the banks start caving they kind of have to.

  3. If you want to see a scary chart, go to FRED (Federal Reserve Economic Database) and look up credit card delinquencies by banks not in the top 100. Small banks about to not exist…..

    https://fred.stlouisfed.org/series/DRCCLOBS#0

    At nearly 8%, this is the largest delinquency rate since the Fed started tracking this stat in 1991.

  4. Perhaps this is a dumb question, but don’t banks make more money with higher interest rates?

  5. Who are the shareholders of the Fed banks? Oh that’s right commercial banks.

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