Banks, bank stocks are at a new high. That through my position on fsoc, the Financial Stability Oversight Council and the three bank regulators, the Federal Reserve, the fcc, the fdic, We have done a lot to deregulate banks or earnings are way up. More importantly, it has increased their lending capacity. Oliver Wyman's numbers, not mine, estimates that there's 2.5 trillion of extra lending capacity. (22:28–22:33)
CLAIM
Asserts that deregulation efforts have led to increased bank earnings.
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