Praying Medic News

Treasury Secretary Scott Bessent’s agenda is claiming more control over how banking regulators write the rules that govern financial institutions, including those written by the Federal Reserve.

“There are two ways to consolidate federal bank regulation. First, you can change the law. The other way is for one federal entity to assert all the power it has under law, and maybe more simply to take de facto charge of significant Fed, OCC, and FDIC supervisory and regulatory policy.

Secretary Bessent has now made it clear that the Trump Administration will open Door Number Two."

https://www.semafor.com/article/03/24/2025/treasurys-play-for-control-over-regulators-puts-it-on-collision-course-with-fed

www.tgoop.com/PrayingMedicNews/6396

16.5K viewsedited  Mar 25 at 21:14

Treasury Secretary Scott Bessent’s agenda is claiming more control over how banking regulators write the rules that govern financial institutions, including those written by the Federal Reserve.

“There are two ways to consolidate federal bank regulation. First, you can change the law. The other way is for one federal entity to assert all the power it has under law, and maybe more simply to take de facto charge of significant Fed, OCC, and FDIC supervisory and regulatory policy.

Secretary Bessent has now made it clear that the Trump Administration will open Door Number Two."

https://www.semafor.com/article/03/24/2025/treasurys-play-for-control-over-regulators-puts-it-on-collision-course-with-fed

BY Praying Medic News