Trump-era deregulation deemed a key culprit in failure of SVB

[winetourdriver01]

In 2018, ignoring the vocal warnings of experts and advocacy groups, the then-Republican-controlled Congress passed legislation that weakened post-financial crisis regulations for banks with between $50 billion and $250 billion in assets, sparking fears of systemically risky failures and more taxpayer bailouts.

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https://www.rawstory.com/trumps-bank/

[Achilleaze]

1. G.O.P. greed owns this clusterwank

Frikken idiotic, criminal Republicans deserve to be shipped off to Siberia.

Sheesh. How sick, and sad.

[Alexander Of Assyria]

2. Latest example of how the political, media and corporate Circle of Corruption robs taxpayers, daily.

Politicians want money, billions in these dark ages of unlimited political spending, who from??…corporations want money, so give money to politicians to make money!..then use to pay them!…media want money, give them the attention they crave, or ignore any bad news and ofc all logic, anything the politicians want.

It’s a circle jerk of corruption and the citizens the ones being hosed.

[Casady1]

3. No bank can sustain a run even with regulations