Is this about raising the SIFI? Because banks with assets $100 - $250 billion in assets are *not* “Main Street” banks. They are American Express, Duetsche Bank, Citicorp.
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A study out of Wharton School of business found the regulation did influence decisions in banks with assets below $100 billion but above that, the financial burden of the regulations did not influence the bank’s decisions.
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Some of the banks that stand to benefit received the banking are ones that received the bail outs in 2008. Pres. Trump and Kushner are heavily indebted to Deutsche.
End of conversation
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I'm a constituent and I don't consider 25 of the 38 largest banks in America to be community banks--and rolling back homeowner protections such as escrow requirements and expanded HMDA reporting is a dangerous move, too.https://www.americanprogress.org/issues/economy/reports/2018/02/28/447264/fact-sheet-senates-bipartisan-dodd-frank-rollback-bill/ …
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Why are foreign banks considered community banks?
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I'm a big fan of yours, Senator, but this bill is mind-numbingly dangerous & bad for consumers. It will be your undoing at a time we need you more than ever.
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I'm a big fan of small business - but it seems risky to lower their reserves while also cutting federal oversight. Just because the country as a whole isn't at as big of a risk for collapse if they fail doesn't mean we should remove safeguards that will protect their customers.
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Sen Warner - thanks for all your good work. BUT - couldn't you folks just carve out exemptions for small community banks & credit unions instead of releasing the krakken that is big banks & wall st. all over again while you try & get a new bill passed? Wasn't the 1st time tough?
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I am ur constituent too; I work for a national
#CreditUnion and we are asking u 2 disavow S.2155.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Sir, I appreciate your response and willingness to engage in dialogue with your constituents. This alone sets you apart, and above, the majority of your colleagues on the other side of the aisle at present time.
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@MarkWarner I am also a constituent and usually vote D but I will work hard to primary you if you keep pushing this rollbackThanks. Twitter will use this to make your timeline better. UndoUndo
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Only the
#BailoutCaucus would think#Relief4MainStreet means deregulating German megabank Deutsche Bank. https://www.americanprogress.org/issues/economy/reports/2018/02/28/447264/fact-sheet-senates-bipartisan-dodd-frank-rollback-bill/ …https://twitter.com/MarkWarner/status/969305811695620101 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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Intention doesn't count. Actual effect of the law is what counts. Jus' sayin'
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Your spin machine is not convincing. Keep your hands off Dodd-Frank.
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I am your constituent, respect so much of your work, but you are on the wrong side of this issue. These are not small community banks.
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You need some visual charts that show the breakdown of big banks vs small. With the current admin reversal on Dodd-Franks and the unexplained changes by Mulvaney at CFPB many feel we're slipping back into corporations having no penalty for fraudulent practices- prove your point
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Hey great pivot
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@AlwaysForwardUS is tracking this issue, Senator. You are at 1/4 stars on economic fairness. http://alwaysforwardus.com/ussen/va-warner.html#BasicEconomics …#WeBringReceiptsThanks. Twitter will use this to make your timeline better. UndoUndo
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pay off to big banks didn’t help local or small banks
#superdelegates can’t be trusted. Your
are on
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