The TBTF wars continue. Better Markets’ Dennis Kelleher emails: “When will the TBTF trade groups realize that just because they say something — however stridently — doesn’t make it true? First, TCH citing itself in support of itself is too rich to merit comment. Second, the ABA needs to read the regulators’ findings of deficiency for very resolution plan: http://bit.ly/2aSEMAx
“If the ABA’s contrary claims are true, then it’s easy to prove: every TBTF banks should publicly release their entire resolution plans and let’s see if anyone not on the payroll of the TBTF banks agrees w/ Wall Street’s biggest DC lobbyists’ self-serving claims….”
To read the full Politico Morning Money article by Ben White click here.