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To: Real Man who wrote (108584)	4/12/2018 8:32:03 AM
From: Rarebird	Read Replies (1) \| Respond to of 116836

It is all one big farce. The Fed, the Supreme Court is one big political Institution: "Fed, OCC proposing cutting capital requirement for biggest banks: Federal regulators on Wednesday moved to reduce one of the safety standards for the biggest banks put in place in the aftermath of the financial crisis. The Federal Reserve and the Office of the Comptroller of the Currency proposed a rule to “tailor” leverage ratio requirements to the business activities and risk profiles of the largest domestic banks. Regulators estimated that the proposed changes would reduce the required amount of capital for bank holding companies by approximately $400 million. Fed Governor Lael Brainard voted against the proposed plan. Banks have complained the rule discouraged them from participating in the derivatives market. Fed Chairman Jerome Powell had signaled the Fed would vote to roll it back. Under the old rule, the largest banks all have the same leverage ratio requirement. The new rule allows firms to tailor the rule for their institution. There are eight U.S. globally significant banks including J.P. Morgan Chase JPM, +0.92% and Goldman Sachs GS, -1.41% . The change is expected to help banks in the custody services business like State Street STT, -1.28% and Bank of New York Mellon BK, -0.84% ." marketwatch.com