The political battle lines over the biggest bank merger since the 2008 financial crisis should be very clear.
As House Financial Services Committee chair (D-Calif.) noted when the deal was announced in February, the effort to combine Southern banking titans SunTrust and BB&T into America’s seventh-largest megabank is “a direct consequence of the agenda” that President and congressional have advanced.
Waters and other high-profile have been railing against for years now. Back in 2017, the party’s leadership rolled out an for the Trump era that explicitly attacked “corporate power” and “big mergers.”
And the two banks involved in this particular big merger are thoroughly Republican institutions. Of the $363,950 that BB&T’s corporate PAC spent on campaign contributions in