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White Paper: Federal Reserve Actions Under the Trump Administration Have Significantly Weakened Post-Crisis Banking Protection Rules

The lost jobs, homes, savings, retirements and dreams of tens of millions of Americans due to the financial crisis of 2007-2009 highlight the critical importance of having strong banking regulations combined with effective and assertive supervisory oversight to ensure the largest banks are both financially resilient and safely run. Pre-crisis banking rules for the largest banks were woefully deficient and ineffective.