The de-regulation the Democrats sent to Trump that he signed, had nothing to do with this failure, they gambled and lost
You and your fellow cretins had 2 years to do whatever you wanted, #liawatha
Pure propaganda move. SVB failure had absolutely nothing to do with Trump. This is a grotesque propaganda act. Everybody knows it was malfeasance on the part of the woke bank managers, but Dems are looking to give their corrupt MSM allies talking points so they can endlessly lie about the true causes of the Dem’s failures.
Same old playbook.
First the left makes a bill that Trump signs, than they blame Trump for it hilarious..if this was so darn bad, how come Biden did not reverse it when he took office, he reversed EVERY DAMN THING TRUMP DID but not this..this is what the left does, when they are caught with their pants down they blame someone else..its THEIR fault period!
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Trump only deregged DFAST (Dodd Frank Act Stress Test) slightly which is less comprehensive than the CCAP (Comprehensive Capital Analysis and Review) anywa.
Furthermore, the Californian authorities are the ones that shut the bank down, so Fauxcohauntas is talking out of her ass.
BTTT
Anyone that believes this as an attack using the word Trump as the spark doesn’t know what google is.
The original major signings of a bank relief bill was done by FDR in 1933. Then, down the road, came the Emergency Economic Stabilization Act of 2008, Bush era, and was backed by both McCain and Obama.
Right before that, Chris Dodd and Barney Frank were caught lying to congress about the success of the opening up of mortgage sales until they were failing left and right. In a meeting concerning Silicon Valley, March 13, Biden said, “...investors in the banks will not be protected. They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works.”
So if you can show me where Trump is involved with any of this in a controlling manner, I would be appreciative. Otherwise, it is an embarrassment to have to claim Warren as a republican.
wy69
Biden had a veto proof congress for two years where he could have changed this. He chose not to so it is directly on his shoulders.
The proper response to each and every one of Pocahontas’ ideas should be to raise the right hand and say, “How?”
I see nothing in Sen. Warren’s analysis regarding low interest debt instruments losing their value as the Federal Reserve raises interest rates.
What was Silicon Valley Bank’s “Chief Risk Officer” doing to address that matter?
Oh, yeah ... THEY DIDN’T HAVE ONE. The position was vacant ...
If you look at the regulations that apply to large banks, they concentrate on capital adequacy. The severe stress test is 10% unemployment, near 0% interest rates, and a 50% downturn in the stock market.
Would SVB passed the capital adequacy test and the stress test? Probably yes - they had a lot of capital in ultra-safe treasuries.
The problem comes up with the opposite case - what if unemployment falls to 0% and interest rates are 10%? They’re not stress-testing that!
Fauxcahontas, the Buffalo Wing Woman, speak with forked tongue again. Somebody give her a beer.
Gray Beaver speak’um out a@@.
A habitual liar, just like Biden. She’ll say ANYTHING to pander to her delusional base.
Warren is an idiot. If the bank examiners had been doing their job, they would have put the bank under a restrictive agreement for their balance sheet mismanagement.
The problem was due to woke investing. Banks also suffer from regulations redirecting loans to blacks with bad credit and neighborhoods on the decline.
Rather than losing sleep this weekend trying to solve a huge banking crisis, Democrats put their time, effort, and energy only into how to spin it.
There is no connection to reality any more. In their minds it is impossible for liberalism to fail, all evidence to the contrary. It’s complete psychosis.