Assets about 89 to 90 of them of 1 billion or under this bill is for the big banks. And the big banks are doing quite well. Last year, the banks made record profits. 171 billion. Community banks grew at 8. 3 . Big banks, 4. rate. They are lending to businesses at a record level. But the contention cannot be its because the banks are losing money. It has very little to do how much money they are losing but big banks would like to be deregulated and get back to the business as usual that caused the crisis of 2008. Mr. Speaker, there are 30 big banks that this bill will impact, worth more than 5 trillion in assets. This bill is needed because if we simply allow this bill is not needed, excuse me. Because if this bill is implemented it will cause banks not to be placed under the 50 billion threshold except from regulation from the prudential regulator. Metlife is a pretty good example of what could happen. Metlife is tied up in court probably indefinitely, because the big banks have big bu
Laws. He says that our government needs to be simplified in a way that allows people the freedom to be practical. This is about an hour, 15 minutes. Well, good afternoon, everybody, and thank you so much for joining us here today. Im very pleased to welcome you to the headquarters of the National Association of manufacturers. Im jay timmons, im the president and ceo here. And for those of you who are not familiar with the nam, we represent manufacturers of all sizes and all sectors from the Worlds Largest multinationals to small and medium size manufacturers all up and down main streets all across america. And were the voice for 12 million men and women who make things in the United States. So today is day two of infrastructure week. It started off very strongly yesterday with a full days worth of programs, and our guest speaker was a speaker at an event i was at last night. So hes been very involved with infrastructure week. Weve seen representatives from the Business Community from o
Mairs & Power Inc. lowered its stake in shares of 3M (NYSE:MMM – Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 256,353 shares of the conglomerate’s stock after selling 12,744 shares during the quarter. Mairs & Power Inc.’s holdings […]
Mairs & Power Inc. lowered its stake in shares of 3M (NYSE:MMM – Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 256,353 shares of the conglomerate’s stock after selling 12,744 shares during the quarter. Mairs & Power Inc.’s holdings […]