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Political Discussion
Reply to "SVB Bank Run: Fed Calling Emergency Meeting "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You know for those shouting more regulation, regulators can always ignore what they regulate. Remember Sheila Bair before Indymac Bank went poof? Remember the SEC browsing porn all day and ignoring the Bernie Madoff debacle? Congressional democrats and Franklin Raines telling everyone there is no problem before the subprime mortgage crisis of 2008? Wachovia? Lehman? The S&L crisis and how congress played dumb with the Keating Five?[/quote] Banks are subject to thousands of Federal Register pages of regulation. Wouldn't be surprised if it is tens of thousands. It is not hard to see how the basics of running a bank well could be missed given the massive amount of potential compliance pitfalls.[/quote] PP is just making up excuses for bad behavior. There’s endless deliberate attempts to game banking regulations, it’s not a question of just missing things.[/quote]
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