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Treasury Secretary Refuses to Say What a Community Bank Is

February 18, 2018

Treasury Secretary Steve Mnuchin is advocating a bill by Senator Crapo which would deregulate banks with $50 billion to $250 billion in assets... all in the name of helping "community banks." But he refuses to say what a community bank is, probably because he knows how stupid it sounds to say that a community bank is one with $250 billion worth of assets.

 

 

 

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