On the campaign trail and in Congress, Democrats are challenging the titans of Wall Street, proclaiming a 'new day' as they seek to channel the anger of their party and voters that has raged since the financial crisis. CEOs of America's biggest banks were summoned for the first time since
1 / 4The CEOs of America's biggest banks were summoned for the first time since the 2008 crisis by a congressional committee on April 10, 2019The CEOs of America's biggest banks were summoned for the first time since the 2008 crisis by a congressional committee on April 10, 2019 Washington - On the campaign trail and in Congress, Democrats are challenging the titans of Wall Street, proclaiming a"new day" as they seek to channel the anger of their party and voters that has...
"This is a new way and it's a new day," said Maxine Waters, the first woman and first African American to chair the powerful House Financial Services Committee.This time, it was the turn of the heads of Citigroup, JP Morgan Chase & Co, Morgan Stanley, Bank of America, State Street Corporation, BNY Mellon and Goldman Sachs.
"You, captains of the universe, are smart enough and creative enough and understand this business enough to see what you can do about these citizens, these young people," said Waters. Corbat said his pay was set by the board of directors and that, if he were an average employee who observed the yawning gap,"I would be hopeful that there's the opportunity to continue to advance."
"Our campaign is about taking on the powerful special interests that dominate our economic and political life," vowed Sanders, a socialist. She has already inked out detailed proposals for dismantling tech giants, raising taxes on huge companies and tightening financial regulations.
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