Saturday, December 14, 2024

Tag: Eight Wall Street Mega Banks Have Teamed Up to Run Television Ads in a Bogus Scare Campaign

Eight Wall Street Mega Banks Have Teamed Up to Run Television Ads in a Bogus Scare Campaign

by Pam Martens and Russ Martens, Wall St On Parade:

During the Sunday, December 10 news program on CNN, “State of the Union with Jake Tapper and Dana Bash,” a deceptive, scare-mongering TV commercial popped up, warning that federal banking regulators’ proposed plan to require the mega banks on Wall Street to hold more capital against their riskiest trading activities “will increase the cost of mortgages and car payments” and “hurt small businesses, making it harder for them to access credit, meet payroll and run their operations.”

The ad featured images of a farmer on his tractor, an auto mechanic, a worried small business owner, and other emotion-packed images.