Quote:
Originally Posted by Rajoo
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.
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SVB failed because it was no longer competitive in today's market. Why a run on this bank and which will be the next weakling to go belly-up?