Quote:
Originally Posted by whell
Let's see. I've provided source information from Marketwatch, Wall Street Journal, and NY Times in this thread. I've added links to US Treasury notices and links to relevant banking law text. This you call "irrelevant nonsense"?
You make a reference to Fox News. I've sourced nothing in this thread from Fox.
I've asked for specificity to substantiate your (collective) claims that "Trump did it" or "Republican deregulation did it." I've gotten nothing in return except statements that I'm on the "losing end" of this argument and that I'm posting "irrelevant nonsense".
Just another typical day on Political Chat.  |
No one yet really knows why SVB failed, not the details of the fall but the reason. Deregulation has played a part whether you want to admit this or not. Heck, its something the SVB president himself lobbied for. And Barney Frank for Signature Bank and got paid handsomely for his lobbying and this really really bothers me.
But after the 2008 collapse of our financial system, why was it deregulated? So yes, the Trump administration does bear some responsibility for relaxing the regulations.
I believe the details will come sooner or later after the dust settles.
Until then, I will continue to blame Trump.
And let Nancy follow the money.