Wednesday, June 21, 2017

Crafted by Wall Street Titans, Trump Treasury Plan Latest Consumer Betrayal
"But as Sen. Sherrod Brown (D-Ohio) noted, the industry couldn't have been surprised by the report's contents, given that banking groups were consulted heavily during its creation. As Brown wrote in a statement, "Treasury consulted with banking industry groups at a ratio of 17-to-1 over consumer groups when formulating the report." Brown concluded by providing a list that starkly illustrates where Treasury Secretary Steve Mnuchin, a former Goldman Sachs banker, looked for advice. Government Entities: 18 Consumer Advocates: 14 Academics: 13 Think Tanks: 15 Banking Industry Groups: 244"