The Federal Reserve is being sued! You dare to compete with the King of Understanding, right? The winner will be decided soon. How many employees does the Federal Reserve have? This year's huge loss is 40 billion!
The Federal Reserve, the symbol of American financial hegemony and the most authoritative bank in the world, has been sued, and the ones who sued it are actually its own sons, the American Bankers Association and the American Chamber of Commerce. What they are actually representing behind this is the interests of Wall Street, including Merrill Lynch, Goldman Sachs, Morgan and other big Wall Street banks as well as the American business community. Why do they have the courage to sue the Federal Reserve?
The reason these associations sued the Federal Reserve is related to the stress test that the Federal Reserve has been conducting on the U.S. financial sector. This stress test is set up to ensure that banks have sufficient capital adequacy to cope with crises during financial crises and that no systemic risks occur.
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