Bank of America CEO says "the market will punish people if we don't have an independent Fed" - Face the Nation

[Rhiannon12866]

Bank of America CEO Brian Moynihan talks prices, affordability, inflation predictions for 2026, the "shock" from the business community when Trump enacted tariffs and how "the market will punish people if we don't have an independent Fed." Editor's note: This interview was filmed on Dec. 17, 2025.

[rampartd]

1. the market should punish people for fraud and incompetence

that is what it is for. these hedge funder billionaires should be smart enough to know the numbers sound fishy.

wait until the invisible hand pushes up interest rates on the trump debt.

[rampartd]

2. wages growing?

average includes musk's trillion? what does that leave the rest of us? or is it now "class warfare: merely to think such things?

where exactly does "capitalism" fit in if a ketamine fueled azzwhole can't be replaced for 1/1000 of that?

[blue-wave]

3. I know,

wages aren't growing fast enough. At least not at a pace to keep up with inflation. And that 2.8% social security cost of living increase isn't helping seniors keep up either. Many people are struggling to provide the basics for themselves.

[lonely bird]

4. "The market" doesn't exist

It is a term of art.

The organization of economic transactions already punishes people with an independent FED. A FED that is not independent would punish people an order of magnitude higher.

[ChicagoTeamster]

5. These Finance Sociopaths want to steal depositor money and get a bailout with no consequences.

Trump wants to end FDIC. This is all leading up to the collapse they are engineering to make a crazy justification for a crypto bailout.

[rampartd]

6. the 2009 reforms allow the banks to "bail in" from their depositors

but yes, socialism is fine for the capitalists.

[ChicagoTeamster]

7. That's what I was referring to. I think it was Dodd-Frank that reclassified depositors as shareholders.

The investors get bailed out first. Especially bond holders. Privatize the profits, socialize the cost.

[rampartd]

8. right. dodd frank. my savings account is now an unsecured credit or something

dodd frank allows the "bail ins" for accounts over the fdic limit (used to be 100k) but if no fdic no limit.

these "unintended consequences" seem to be rattling off pretty efficiently these days