Tuesday, February 28, 2012

As Republicans Claim Wall Street Reform Is Killing Banks, Bank Profits Hit Highest Level Since 2006

As Republicans Claim Wall Street Reform Is Killing Banks, Bank Profits Hit Highest Level Since 2006: pAs House Republicans and the U.S. Chamber of Commerce team up for their latest assault on the Dodd-Frank financial reform law, specifically a rule reining in banks’ risky trading, the Federal Deposit Insurance Corporation (FDIC) has released its latest Quarterly Banking Profile, which shows that GOP claims regarding Dodd-Frank killing America’s banks have little truth [...]/p