December 18, 2020

Brown Statement on The Fed Allowing Wall Street Dividends and CEO Bonuses

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following  statement after the Federal Reserve announced it would allow buybacks next quarter:

“This public health and economic crisis is getting worse, not better,” said Brown. “The Fed’s decision allows billions in dividends and bonuses for a select few while millions of Americans are reeling from this crisis. It is wrong. The Fed should be focused on making our financial system safer not helping Wall Street and big corporations.”