Wall street leaders faceoff with maxine waters & aol in house hearing battle royale

[MindWars]

Though virtue-signaling from Democrats accusing the banks of not doing enough to prioritize the hiring of women and minorities, and ignoring the financial needs of small businesses, has largely dominated the conversation, some lawmakers from both parties managed to sneak in a few more technical questions about compliance with the military lending act and the need for a broad cybersecurity standard.
Watch Live: Wall Street Leaders Face Off With Maxine Waters & AOC In House Hearing Battle Royale

Let the chit storm begin and the lies fly. Democrats are on crack for this one lol. Better keep those lies straight everyone is watching and listening.

 

[georgephillip]

Will "Mad Max" and other Dems who can't shoot straight bring law and order to Wall Street?

Don't bet your pension or your grandchild's job prospects on it.

Wall Street Bank CEOs Head for Grilling Tomorrow on Capitol Hill

"Democrats took over the House in January and Congresswoman Maxine Waters became the Chair of the House Financial Services Committee at that time.

"Waters has served on this Committee for the past 28 years – a period in which she has observed unending frauds against the investing public by the mega banks on Wall Street...."

"In preparation for the hearing tomorrow,(4/10/19) which begins at 9:00 a.m., the Committee released one of the most impressive Memorandums that we have seen in many years.

"One particularly notable aspect of the Memorandum is the amount of fines the mega banks (called G-SIBs or Global Systemically Important Banks) have paid over the past decade. According to the Committee:

"'The U.S. G-SIBs, along with the rest of the banking sector, have made record profits in recent years. In 2018, the six largest U.S. banks made more than $111 billion in profits. However, these institutions have faced a long list of compliance breakdowns since the financial crisis.'

"According to a 2018 report, financial institutions have paid at least $243 billion in fines since the financial crisis. U.S. G-SIBs accounted for roughly $167 billion, representing more than two-thirds of all fines since the financial crisis.'"