1/30/24: The Fed Has a Dirty Little Secret: It’s Been Allowing the Wall Street Mega Banks to Calculate their Own Capital Requirements
By Pam Martens and Russ Martens: Michael Barr, Vice Chair for Supervision, Federal Reserve On July 27 of last year, the Vice Chair for Supervision at the Federal Reserve Board of Governors, Michael Barr, made the following statement as part of the…