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Banks are squaring off against the Fed and ready to sue over new rules (www.semafor.com) 💥 BANK COLLAPSE 💥

posted 341 days ago by unruly 341 days ago by unruly +178 / -0

Big banks mull the unthinkable: suing the Fed | Semafor

A trade group representing JPMorgan and others have hired Eugene Scalia, a big legal gun, to prep a lawsuit if proposed capital rules aren’t watered down.

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– Slyver 3 points 341 days ago +3 / -0

There may be more going on with the US Treasury than there was. I'm not sure about that one. But I can find no evidence that the Fed is involved in that. It is legally speaking a separate entity from the US Govt (not under it's jurisdiction), which makes the narrative about "merging the Treasury with the Fed" a highly problematic (if not completely impossible) ordeal.

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