Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Obama Attempts To Make Big Banks Smaller
Posted
May 6, 2016
Views
142,742
Likes
2,004
Comments
373
Engagement
1.67%
May 6, 2016
142,742
2,004
373
1.67%
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9:58Now PlayingThe Obama Administration is attempting to cut big banks down to size. The Consumer Financial Protection Bureau might actually begin to do what it was designed to do. John Iadarola, Ben Mankiewicz, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
“While attention has focused on the 2016 presidential campaign and the drama of Senate Republicans' blockade of Merrick Garland, the Obama administration has been quietly undertaking a series of tough, obscure, progressive economic policy measures that seriously threaten the bottom lines of America's once untouchable banks.
Today comes a new Consumer Financial Protection Bureau rule restoring customers' right to sue banks for misconduct, following announcements in April of new rules on tax inversions and financial advising, along with hints of a substantial crackdown on shell companies.
None of this is as dramatic or easy to explain as a few CEOs being dragged off in handcuffs, but it adds up to a big agenda that — if sustained by the next administration — could do a lot to cut into the size of the American financial sector.”
Read more here
Hosts: John Iadarola, Ben Mankiewicz
Cast: John Iadarola, Ben Mankiewicz
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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