Did you see Charlies' emails.... All but blaming their inability to make more loans on the consent order we're under.... How much you want to try to use the virus to get out from under it, pathetic
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Even a Scharfed clock is right twice a day.
I really don’t want to be a Charlie apologist but he’s right. It’s his job to get the asset cap lifted for one. if he sees this disaster as an opportunity to build some good will in the community by donating to charities and let the public know we can’t do more to help small businesses because of the asset cap then heady play by him.
Undergrad banking economics class: Loans are assets to the bank.
Fake Accounts —> FED/Comptroller/SEC/etc.. placing fines/restrictions on our banking activities —> Lending impact. Not rocket science.
He’s right.