Sen. Warren Says Facts Prove Trump Wrong on Dodd-Frank

The transcript discusses the misconceptions about capital requirements and their impact on bank lending, highlighting that capital is used to finance loans rather than being hoarded. It critiques statements by Gary Cohn, President Trump's economic adviser, about U.S. banks' competitive advantage and regulation burden. The discussion emphasizes that U.S. banks are thriving under current regulations, with record profits and a strong global position. The transcript warns against deregulation efforts that could lead to financial instability, drawing parallels to past financial crises.

What does Chair Yellen imply about capital requirements and banks' ability to lend?

How does the speaker describe the contradiction in Mr. Cohn's statements about banks?

What evidence does the speaker provide to support the claim that U.S. banks are more profitable?

In what way does the speaker argue that the current banking regulations have benefited U.S. banks?

What are the potential consequences of scrapping banking regulations according to the speaker?