Fannie and Freddie told to treat crypto like real assets for mortgages; Fed moves to weaken capital rules

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2008 starts to look like a warm-up…

Wall Street banks want lower capital rule.

  • The Federal Reserve proposed easing a key capital rule for banks, and central bank officials opened the matter for public comment Wednesday.
  • The enhanced supplementary leverage ratio regulates the quality and quantity of capital banks should keep on their balance sheets.
  • In recent years as bank reserves have grown, Wall Street executives and Fed officials have sought to roll back the requirements.

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