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[quote=Anonymous]Gazillionth example of why federal regulation is needed - thanks Republicans! Hope the lobbyists paid you well. [quote]Some banking experts on Friday pointed out that a bank as large as Silicon Valley Bank might have managed its interest rate risks better had parts of the Dodd-Frank financial-regulatory package, put in place after the 2008 crisis, not been rolled back under President Trump. In 2018, Mr. Trump signed a bill that lessened regulatory scrutiny for many regional banks. Silicon Valley Bank’s chief executive, Greg Becker, was a strong supporter of the change, which reduced how frequently banks with assets between $100 billion and $250 billion had to submit to stress tests by the Fed.[/quote] https://www.nytimes.com/2023/03/10/business/silicon-valley-bank-stock.html[/quote]
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