Home \ Keywords \ foreign megabanks

You are here

foreign megabanks

S. 2155: The Consequences of Deregulating Bailed-Out Banks

26 of the largest banks in the world stand to be the big winners under S. 2155. Many of the same megabanks that needed trillions of dollars in taxpayer-funded bailouts less than a decade ago[1] will get “relief” from important financial stability rules intended to protect American taxpayers – and the American economic system – from another catastrophic crash like that of 2008-2009.