Crash the train to stop it

[whell]

Originally Posted by finnbow

So, you're arguing that the modified Dodd-Frank was insufficiently strong to prevent the SBV collapse?

No, that's YOUR argument. I see you're confused again. I'm saying, like former Senator and Senate Banking Committee Chair Frank, that Dodd-Frank in any form - original, modified, whatever - was not relevant to the SVB collapse.

Your position is that Trump and Repubs are to blame, because they apparently took some of the teeth out of banking regs applied to SVB including Dodd-Frank. Here, let me remind you:

Originally Posted by finnbow

There's a great deal of truth to Chick's assertion unlike the position of Ron DeSantis on the matter where he blames the bank for their focus on DEI initiatives (Diversity Equity and Inclusion) and not their core mission. I didn't realize that wingnuts now consider 10-year Treasury Bonds to be DEI initiatives.

And the simple fact remains that SVB successfully lobbied to roll back Dodd-Frank provisions to reduce both oversight (e.g., "stress testing") and capital requirements on regional banks such as SVB.

That lead to a simple question, posted here:

Originally Posted by whell

OK, cool. I'll ask you the same thing that I asked Rajoo above:

Since it's your claim that "GOP deregulation" can be "reasonably tied" to SVB's failure, specifically tell me which elements of Dodd-Frank as modified in the final rules published in 2019, caused SBV's failure, and exactly how those modifications caused the failure.

Originally Posted by finnbow

Contrary to your assertion, I did not make an argument that either the derailments or the SVB collapse were immediately and directly tied to deregulation...

Sure you did. See above.