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 ...
Democrat MO-—blame everyone else and make everything into a crisis that only Democrats can fix-—then blame everyone else again when it fails.
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
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
It was caused by rich, woke leftists like you Bernie.
Trump implicated in Lindbergh kidnapping...details at 6!
I read that Trump broke into the vault himself and ran off with all of the cash
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.
Yes. Any bank that invests in high risk corps is not a bank. Why not invest in Southern Company.
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?
lol
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
Because government regulation is the way to keep businesses from failing. Bernie is exactly on point—well in opposite world.
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.
Bernie the Grifter weighs in...
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.
“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://freerepublic.com/focus/f-news/4137907/posts
Bernie contains more ____ than a mega-outhouse.
Listen up plebe....
Just believe what we tell you to believe...
Finding out for yourself and asking questions is racist.
Abraham Lincoln (R) and Dwight D. Eisenhower (R) most likely also at fault.
Regards,
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