The Most Fresh & Cordial Political Thread Ever

[Giantone]

Originally Posted by Chico23231

Oh shit…not good.

Why Trump is being called out in the Silicon Valley Bank collapse



https://news.yahoo.com/why-trump-bei...173805604.html


.Some Democrats have been blaming Trump-era regulations for Silicon Valley Bank's collapse.

.In 2018, Trump signed into law a bill that rolled back provisions in the Dodd-Frank Act and loosened oversight over banks.

Sen. Bernie Sanders said SVB's failure is a "direct result" of those rollbacks.

.Former President Donald Trump is catching heat for Silicon Valley Bank's collapse.

The reason goes back to 2018.

On Friday, regulators shut down Silicon Valley Bank following a tumultuous few days of failing to raise capital and a flood of customers withdrawing their funds from the bank. After crypto-friendly Signature Bank shut down on Sunday, as well, the US Treasury, Federal Reserve, and Financial Deposit Insurance Corporation made a controversial move by giving depositors a bailout, vowing to "fully protect" them from any financial losses. Normally, that would only be guaranteed for losses up to $250,000.

Lawmakers on both sides of the aisle criticized the federal agencies' actions, but some Democrats seized on Trump's rollback of consumer protections in the Dodd-Frank Act in 2018 as a primary contributor to SVB's collapse. The rollback lessened scrutiny for banks with under $250 billion in assets, meaning the landmark, post-financial crisis law would only applied to a handful of big banks.

[Chico23231]

Originally Posted by Giantone

Why Trump is being called out in the Silicon Valley Bank collapse



https://news.yahoo.com/why-trump-bei...173805604.html


.Some Democrats have been blaming Trump-era regulations for Silicon Valley Bank's collapse.

.In 2018, Trump signed into law a bill that rolled back provisions in the Dodd-Frank Act and loosened oversight over banks.

Sen. Bernie Sanders said SVB's failure is a "direct result" of those rollbacks.

.Former President Donald Trump is catching heat for Silicon Valley Bank's collapse.

The reason goes back to 2018.

On Friday, regulators shut down Silicon Valley Bank following a tumultuous few days of failing to raise capital and a flood of customers withdrawing their funds from the bank. After crypto-friendly Signature Bank shut down on Sunday, as well, the US Treasury, Federal Reserve, and Financial Deposit Insurance Corporation made a controversial move by giving depositors a bailout, vowing to "fully protect" them from any financial losses. Normally, that would only be guaranteed for losses up to $250,000.

Lawmakers on both sides of the aisle criticized the federal agencies' actions, but some Democrats seized on Trump's rollback of consumer protections in the Dodd-Frank Act in 2018 as a primary contributor to SVB's collapse. The rollback lessened scrutiny for banks with under $250 billion in assets, meaning the landmark, post-financial crisis law would only applied to a handful of big banks.

As it’s been established, the roll back of the Trump bipartisan bill wasn’t why the collapse happened. but the incompetence of Biden economic policies where he dismissed an inflationary signs and called it transitory, his 1.9 trillion in unnecessary spending along with the stopping of student loan payments which contributed to more inflation. So the fed and treasury responded too late to obvious inflation, caused a credit crisis with bonds.

But really, SVB are complete morons and seemed to focus more on woke bullshit, D&I than risk controls

[Giantone]

Originally Posted by Chico23231

As it’s been established, the roll back of the Trump bipartisan bill wasn’t why the collapse happened. but the incompetence of Biden economic policies where he dismissed an inflationary signs and called it transitory, his 1.9 trillion in unnecessary spending along with the stopping of student loan payments which contributed to more inflation. So the fed and treasury responded too late to obvious inflation, caused a credit crisis with bonds.

But really, SVB are complete morons and seemed to focus more on woke bullshit, D&I than risk controls

LOL, keep spinning you dumb trumpette. Yes , it was.

[Giantone]

GOP senators pushed to keep banking rules loose one week before SVB collapse




https://www.yahoo.com/finance/news/g...152706948.html


The stunning events around Silicon Valley Bank of California and Signature Bank of New York come after years of moves in Washington to ease capital requirements on smaller and regional banks — including one that came just last week.

In a letter dated March 3 to Federal Reserve Chair Jerome Powell, Sen. Tim Scott (R-SC), the ranking member of the Senate Banking Committee, and nine of his GOP colleagues expressed concern that an ongoing Federal Reserve review may go beyond a 2018 law that eased regulations on smaller banks and “may unjustly increase capital requirements and have a chilling effect on market making activities and availability of financial services.”

The letter was timed to coincide with Powell’s testimony last week before Congress and referenced a 2022 speech from Michael Barr, the Fed’s vice chair for supervision, where he discussed the Fed taking a holistic review of capital standards.

The letter pushed back against ideas for increasing the buffer that banks are required to hold in reserve to guard against losses, arguing that banks “seem to have weathered the real-life stress test of the COVID-19 pandemic well.”

Within days, the banking sector saw the second- and third-largest bank failures in history.

[Chico23231]

Originally Posted by Giantone

GOP senators pushed to keep banking rules loose one week before SVB collapse




https://www.yahoo.com/finance/news/g...152706948.html


The stunning events around Silicon Valley Bank of California and Signature Bank of New York come after years of moves in Washington to ease capital requirements on smaller and regional banks — including one that came just last week.

In a letter dated March 3 to Federal Reserve Chair Jerome Powell, Sen. Tim Scott (R-SC), the ranking member of the Senate Banking Committee, and nine of his GOP colleagues expressed concern that an ongoing Federal Reserve review may go beyond a 2018 law that eased regulations on smaller banks and “may unjustly increase capital requirements and have a chilling effect on market making activities and availability of financial services.”

The letter was timed to coincide with Powell’s testimony last week before Congress and referenced a 2022 speech from Michael Barr, the Fed’s vice chair for supervision, where he discussed the Fed taking a holistic review of capital standards.

The letter pushed back against ideas for increasing the buffer that banks are required to hold in reserve to guard against losses, arguing that banks “seem to have weathered the real-life stress test of the COVID-19 pandemic well.”

Within days, the banking sector saw the second- and third-largest bank failures in history.

Of course neither of banks that failed have anything to do with this…but please continue.

Barney Frank being a director at Signature is a cherry on top. He was actually lobbying to ease restrictions on banks

And Powell should continue with a rate hike of a quarter point.

[sdskinsfan2001]

Originally Posted by Chico23231

Of course neither of banks that failed have anything to do with this…but please continue.

Barney Frank being a director at Signature is a cherry on top. He was actually lobbying to ease restrictions on banks

And Powell should continue with a rate hike of a quarter point.

New study concluded by sdskinsfan2001 journal:

WWI = Trump's fault

[Chico23231]

Originally Posted by sdskinsfan2001

New study concluded by sdskinsfan2001 journal:

WWI = Trump's fault

My favorite takes are Trump knew interest rates would rise and set another trap for Biden. Much like inflation, Covid, Ukraine, etc