Mnuchin Open to Looser Liquidity Rules Favored by Dimon

The transcript discusses the coordination between the Fed and banks, highlighting the need for reevaluating regulations post-financial crisis. It addresses liquidity issues in the repo market, the impact of debt and deficits, and compares US and European banking regulations.

What is the significance of having conversations about the massive deficit problem?

In what ways do the regulations for U.S. banks differ from those for European banks?