Until maximizing shareholder value is no longer the primary goal, we are fools to expect anything other than what the banks have done.
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That's the R's donor's game plan "starve the economy " because they lost the election.
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Sure, same story in 2008. Obama Administration & FED pushed trillions to the banks to rescue them, and they paid the public in kind by screwing us all. Now they are more politically powerful than ever. Problem is Dems would do it again. Stop your Party from taking their money.
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You’re totally right but this is like when Hillary Clinton tried to meme :/
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Why do I feel like all of you smart, elected people should have known this would be the case. I'm certainly not a scholar but I had the sense to know who was going to benefit from tax cut...it certainly isn't the middle class.
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Big billionaire business tycoon President looking out for all his billionaire friends! What else can we expect?! If someone like Bill Gates was President, maybe we could have it differently. He seems more down to earth and humbler.
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Congratulations on writing a great gov tweet! http://shiningsea.measuredvoice.com/chrisvanhollen/status/1093282644614414339 … (Ranked 44th for Feb 6.)
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No surprise
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Higher earns would allow banks to expand their balance sheets and stay with regulatory capital requirements, but all that would mean is that a larger percent of credit is from banks vs cap markets. In other words, if you give banks more money, then they have more money.
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