A much-anticipated Senate intelligence committee hearing featuring former FBI director James Comey dominated United States media over the past day and a half. Not only did every other media outlet publish coverage of the hearing, but several even covered how the media covered the Comey hearing. For example, the Washington
Republicans tried to blame the Consumer Financial Protection Bureau for being “asleep at the wheel,” and Wells Fargo’s CEO for giving their opponents ammunition.
Federal regulators have now rejected living wills from JPMorgan, Bank of America, Wells Fargo, Bank of New York Mellon, and State Street.
As compromised as Congress is when it comes to dealing with their Wall Street donors, they have nothing on financial regulators who often end up later working for the people and companies they are supposed to be regulating. Now regulators are allowing Wall Street to hide derivatives trades overseas to circumvent Dodd-Frank.