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Bernie Sanders says Silicon Valley Bank's failure is the 'direct result' of a Trump-era bank regulation policy
Business Insider ^ | 03/13/23 | Cheryl Teh

Posted on 03/13/2023 12:16:52 PM PDT by traderrob6

Sen. Bernie Sanders has blamed a Trump-era banking law for the Silicon Valley Bank's failure.

"Let's be clear. The failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by Donald Trump that I strongly opposed," Sanders wrote in a statement on Sunday.

Sanders was referring to the Economic Growth, Regulatory Relief, and Consumer Protection Act, which former President Donald Trump signed into law in May 2018.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy
KEYWORDS: 3housesbernie; bankfailure; berniesanders; berniethegrifter; california; cherylteh; parasite; svb; tds; threehousesbernie; trump; vermont
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To: traderrob6

Democrat MO-—blame everyone else and make everything into a crisis that only Democrats can fix-—then blame everyone else again when it fails.


21 posted on 03/13/2023 12:29:47 PM PDT by mikelets456
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To: traderrob6

LOL LOL Lets count on our hands how many banks failed under Trump..the answer is ZERO..how many failed under Biden..TWO so far and more to come


22 posted on 03/13/2023 12:31:59 PM PDT by Sarah Barracuda
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To: Dilbert San Diego

They pulled the same crap after East Palestine, tried blaming Trump, failed miserably,.Biden reversed EVERY SINGLE THING that Trump ever did..if this was so bad, how come Biden didnt reverse it, he didnt


23 posted on 03/13/2023 12:32:47 PM PDT by Sarah Barracuda
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To: traderrob6

It was caused by rich, woke leftists like you Bernie.


24 posted on 03/13/2023 12:33:00 PM PDT by Paladin2
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To: traderrob6

Trump implicated in Lindbergh kidnapping...details at 6!


25 posted on 03/13/2023 12:33:46 PM PDT by VideoPaul
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I read that Trump broke into the vault himself and ran off with all of the cash


26 posted on 03/13/2023 12:35:02 PM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: traderrob6

The same regulations should apply to all banking institutions.

The article concludes the remedy should be to -

” break up too big to fail banks, and address the needs of working families.”

You want a financial crisis?

That is not how to avert one.


27 posted on 03/13/2023 12:36:02 PM PDT by conserv8 ( Everything you say or do is always there.)
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To: Shady

Yes. Any bank that invests in high risk corps is not a bank. Why not invest in Southern Company.


28 posted on 03/13/2023 12:36:39 PM PDT by Lumper20 (Ham)
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To: VideoPaul

If what this commie says is true why didn’t he and Biden fix this since they had control of both houses for two years?


29 posted on 03/13/2023 12:37:16 PM PDT by V V Camp Enari 67-68 ( This clears up a lot of misconceptions.)
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To: traderrob6

lol


30 posted on 03/13/2023 12:38:06 PM PDT by US_MilitaryRules (#PureBlood)
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To: traderrob6
The bank bought US treasuries.

The dems spent trillions and "showered people with money" as the Washington Post put it.

All that spending caused the highest inflation in decades

The inflation caused the Fed to hike rates at the fastest pace in decades.

The higher interest rates caused depositors to pull their cash to get a higher return.

SIVB had to sell those bonds at a loss to pay their depositors back, which crippled the bank

31 posted on 03/13/2023 12:38:27 PM PDT by guitar Josh
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To: traderrob6

Because government regulation is the way to keep businesses from failing. Bernie is exactly on point—well in opposite world.


32 posted on 03/13/2023 12:54:59 PM PDT by AndyTheBear
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To: traderrob6

SVB had no risk assessment team in the uS and the one that they had in Europe was only assessing their LBGT activism. Anyone who invests in a bank that puts Leftwing activism above the risk to your assets, deserves to lose their money.

Actuaries are anathema to ESG.


33 posted on 03/13/2023 12:55:09 PM PDT by Eva
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To: traderrob6
Gee, wouldn't it be great if both he and Leahy checked out together? That double funeral would be something to celebrate!

34 posted on 03/13/2023 1:09:19 PM PDT by Governor Dinwiddie (LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
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To: traderrob6

Bernie the Grifter weighs in...


35 posted on 03/13/2023 1:12:19 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: traderrob6

The commie went right to blaming Trump instead of acknowledging it was the woke focused people in charge who did this to themselves.

“Everything woke turns to shit”

-President Donald Trump.

Right again as usual.


36 posted on 03/13/2023 1:27:24 PM PDT by Boomer (The biden regime / identity politics is a clear and present threat to this constitutional republic.)
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To: traderrob6

“An outstanding ESG rating - but no chief risk operator: SVB hired woke board obsessed with diversity, invested $5BN for ‘healthier planet’ and held monthlong Pride celebration - but failed to spot glaring problems with investments”

https://www.dailymail.co.uk/news/article-11854497/SVB-hired-woke-board-obsessed-diversity-invested-5BN-healthier-planet.html

https://freerepublic.com/focus/f-news/4137907/posts


37 posted on 03/13/2023 1:34:43 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: traderrob6

Bernie contains more ____ than a mega-outhouse.


38 posted on 03/13/2023 1:41:00 PM PDT by EinNYC
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To: BuchananBrigadeTrumpFan

Listen up plebe....
Just believe what we tell you to believe...
Finding out for yourself and asking questions is racist.


39 posted on 03/13/2023 1:43:51 PM PDT by joe fonebone (And the people said NO! The End)
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To: traderrob6
Bernie Sanders says Silicon Valley Bank's failure is the 'direct result' of a Trump-era bank regulation policy

Abraham Lincoln (R) and Dwight D. Eisenhower (R) most likely also at fault.

Regards,

40 posted on 03/13/2023 1:48:54 PM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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