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The Fed Took $3k from You and Gave It to Jamie Dimon
CFPB Director Rohit Chopra is single-handedly blocking a massive sell-out to Wall Street. Plus, where are Trump and Harris on monopolies?
More smoke signals on Harris and Lina Khan, oil prices spiked, the government broke the organ transplant monopoly, White House chief of staff Jeff Zients and Sheryl Sandberg were exposed for document destruction to cover up for misdeeds at Facebook, and more. For instance, Vice-Chair Michael Barr, a classic Democratic neoliberal establishment lawyer with a background in consumer protection, gave a speech in September justifying relaxing requirements on large banks, centering his view on the importance of efficiency as a value. Earlier this week, for instance, Acting OCC chief Michael Hsu - a Janet Yellen disciple - had his agency file a brief with a court asking a judge to invalidate an Illinois law restricting the right of credit card companies to charge certain fees.
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