The American Prospect
•76% Informative
Carrie Tolstedt , the chief of the bank’s retail operations for a decade , avoided prison time in Wells Fargo scandal.
Peter Bergen says bank regulatory and accountability system that is still broken.
He says Dodd-Frank Act supposedly ended “too big to fail” but it did not.
Bergen: Big banks take excessive risks in order to fatten executive pay.
Trump-era law, S.2155 , weakened the Dodd-Frank Act, which had set a threshold of $50 billion as the level at which banks came in for extra regulatory scrutiny.
The law, passed in 2018 , raised that to $250 billion , exempting 25 of the nation’s 38 largest banks.
Julian Zelizer : Even medium-sized banks subject to inadequate supervision are deemed too big to fail and receive government bailouts.
VR Score
82
Informative language
82
Neutral language
20
Article tone
formal
Language
English
Language complexity
53
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
7
Source diversity
5
Affiliate links
no affiliate links