Sen. Warren Slams Basel III Proposal as Sell Out to Wall Street

The Basel III proposal revealed today grants big banks “their every wish,” Democratic Sen. Elizabeth Warren says in an emailed statement.

• The proposal “gives them a green light to fund their risky trading and other activities with reckless amounts of debt, further slashing loss-absorbing capital cushions by tens of billions of dollars,” she says
• President Trump “is once again selling out the American people to enrich Wall Street,” she adds
• NOTE: US Regulators Unveil Plans to Ease Capital Rules for Big Banks

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Alexander Pearson in Frankfurt at apearson50@bloomberg.net

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