Banks are squaring off against the Fed and ready to sue over new rules - The Great Awakening

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

posted 342 days ago by unruly 342 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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– OffGridGuy 2 points 342 days ago +2 / -0

If these rules would actually cause them to pull back lending to people with low incomes and credit scores that would be fantastic. We're drowning in debt.

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