America is an important information node in the global payment system. #ElizabethWarren‘s calls for more regulation of #banks could mean less lending to the very constituents she claims to represent as banks use her anti-bank rhetoric as an excuse to jack up their lending rates while disqualifying lower income borrowers.
Globally, higher rates will run through the rest of the system. Banks, ironically, while lending less could offset less lending to middle class clients with higher interest revenues from more affluent borrowers, making the banks less risky and more profitable while less accessible to lower and middle income borrowers.
Pocohantas may prove herself a double agent for capital after all. Go Poco, Go, Poco.