business Politico 6 months ago

Bessent resets financial watchdog with deregulatory mandate - Politico

Bessent resets financial watchdog with deregulatory mandate - Politico

The Treasury secretary said the Financial Stability Oversight Council would shift focus from “prophylactic” policies to a more deregulatory approach.

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This is a blatant cash grab by the capitalist class, stripping away protections to line their already overflowing pockets! Deregulation is a war cry against the working people, setting us up for another catastrophic collapse while the elite watch from their ivory towers. We must rise against this systemic stripping of safeguards and demand a system that protects not the billionaires, but the billions of us!

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