Bubble Incoming! FedRes cuts reserve rates/banking regulations for Wall Street

[Blanco Chevy]

A top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts in half the extra capital that the largest institutions will be forced to hold.

Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would have boosted capital requirements for the world’s largest banks by roughly 19%.


Instead, officials at the Fed, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. have agreed to resubmit the massive proposal with a more modest 9% increase to big bank capital, according to prepared remarks from Fed Vice Chair for Supervision Michael Barr.


The change comes after banks, business groups, lawmakers and others weighed in on the possible impact of the original proposal, Barr told an audience at the Brookings Institution.

https://www.cnbc.com/2024/09/10/fede...r&par=sharebar

[Niggers are Useless]

Here we go again. I wonder who the next Bear Sterns is going to be. You know Bank of America is gonna get nailed again and then get away Scott free with taxpayer money.
We are in the loot the treasury part of the decline of an empire.
Buy land and other tangible assets because I don't think our dollar can weather another bubble burst. Of course, this could all be part of the end game to enslave us to a digital federal currency.
Nothing we can do either way except to get prepared.