“I just want to make a note to the panel [of bank CEOs],” Rep. Sean Duffy (R-Wis.) said. Rep. Roger Williams (R-Texas) cast the hearing as a battle in the long war between socialism and capitalism. As it turns out, Republicans argued Wednesday, big banks are the true lifeblood of Main Street. “If it weren’t for you, Main Street America wouldn’t exist,” Williams told the CEOs at the hearing. Big banks, Duffy suggested, don’t even compete with small banks.

Source: Huffington Post April 11, 2019 09:45 UTC