Why Democrats Are Angry At Wall Street : NPR - 1 views
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"They never get a second chance. They're just not in a position in an economy like this, where Wall Street writes the rules, where they can get ahead."
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That anger has been magnified at a time when banks have seen their profits soar during the pandemic, in part, thanks to strong actions by the Federal Reserve to support markets.
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"We've seen stratospheric compensation levels. We see stock buybacks and dividend distribution. Yet, wages throughout our economy are essentially flat."
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Bank executives, Warren says, "have a responsibility to execute on making their banks part of the solution to our economic and racial problems across this nation."
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But even with a change in power in Congress, analysts warn banks are likely to face continued pressure from Democrats — and society — on key aspects of their operations, from whom they lend money to where they invest.
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"Banks have no choice but to address these issues, because it impacts their communities, their customers and their employees,"
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"You have to live in the real world, and the real world has these issues as part of the banks' businesses."