2026-09-15 13:13 UTC
When the market crashed, Big Banks not only received massive bailouts, they shaped the writing of consumer protections rules and anti-trust guardrails – including Dodd-Frank, the Consumer Financial Protection Bureau, the Volcker Rule, stress tests, etc.
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@joecardillo@federate.social 2026-09-15 13:14
Studies from the Federal Reserve Bank of Philadelphia and Center for American Progress found those rules made it harder for small and community owned institutions and easier for "too big to fail" megabanks who to this day continue to take on astronomical levels of risk on the back of taxpayers.