President Joe Biden, like many on the left, sells himself as a champion of the working class. But, time after time, Biden has proven that in order to promote his ideology, he will eagerly empower many of the same billionaires and massive financial institutions he claims to hate, often at the expense of hardworking American families.
A recent regulatory move governing financial institutions provides the latest, and perhaps best, example.
In January 2021, just weeks before President Trump left the White House, the Trump administration’s Office of the Comptroller of the Currency (OCC) issued a new regulation – titled Fair Access to Financial Services – that would have made it illegal for large banks to discriminate against politically disfavored industries, such as fracking.
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