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Deutsche Bank's U.S. operations fail second leg of Fed stress tests - The next Bear Stearns?
submitted 10 months ago by magnora7 from reuters.com
[–]d3rr 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 10 months ago (1 child)
It seems pretty weird that the US hands off any regulation of these mega financial companies to a consortium of mega financial companies that is the Fed.
[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 10 months ago (0 children)
Yeah. It's regulatory capture, cleverly disguised. Just like communism! Or any form of authoritarianism, really