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Trump & republicans cut banking regulations and increased capital thresholds from 50 to 250 billion for banks to comply with an FDIC stress test as mandated by

Trump & republicans cut banking regulations and increased capital thresholds from 50 to 250 billion for banks to comply with an FDIC stress test as mandated by Dodd-Frank (which was enacted after the mortgage crisis). SVB would have not gone bankrupt had they been required to pass this stresstest. This change was widely supported by tech companies and banks and here we are again with a bank engaging in risky behavior holding out their hand for taxpayers to bail them out: NO.

thuridas 4y ago
I was just asking myself what was the us bank regulator doing. But this explains a lot. Small government has its consequences
wankerrific 4y ago
Socialism for the rich. Rugged capitalism for the poor.
westurner 4y ago
Stress test (financial) > Bank stress test , Payment and settlement systems stress test https://en.wikipedia.org/wiki/Stress_test_(financial)#Bank_stress_test https://en.wikipedia.org/wiki/Stress_test_(financial)#Bank_s... List of bank stress tests > Americas https://en.wikipedia.org/wiki/List_of_bank_stress_tests#Americas https://en.wikipedia.org/wiki/List_of_bank_stress_tests#Amer... https://www.google.com/search?q=increased+capital+thresholds+from+50+to+250+billion+for+banks+to+comply+with+an+FDIC+stress+test https://www.google.com/search?q=increased+capital+thresholds... From "Transparency & Accountability - EGRRCPA (S. 2155) Rulemakings" https://www.fdic.gov/transparency/egrrcpa.html https://www.fdic.gov/transparency/egrrcpa.html : > The FDIC is responsible for a number of rulemakings under the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). This page provides links to proposed and final rules and related documents. "FDIC Releases Economic Scenarios for 2022 Stress Testing" (2022) https://www.fdic.gov/news/press-releases/2022/pr22019.html https://www.fdic.gov/news/press-releases/2022/pr22019.html How can the scenarios and policies be improved?

thuridas 4y ago

I was just asking myself what was the us bank regulator doing. But this explains a lot. Small government has its consequences

wankerrific 4y ago

Socialism for the rich. Rugged capitalism for the poor.

westurner 4y ago

Stress test (financial) > Bank stress test , Payment and settlement systems stress test https://en.wikipedia.org/wiki/Stress_test_(financial)#Bank_stress_test https://en.wikipedia.org/wiki/Stress_test_(financial)#Bank_s... List of bank stress tests > Americas https://en.wikipedia.org/wiki/List_of_bank_stress_tests#Americas https://en.wikipedia.org/wiki/List_of_bank_stress_tests#Amer... https://www.google.com/search?q=increased+capital+thresholds+from+50+to+250+billion+for+banks+to+comply+with+an+FDIC+stress+test https://www.google.com/search?q=increased+capital+thresholds... From "Transparency & Accountability - EGRRCPA (S. 2155) Rulemakings" https://www.fdic.gov/transparency/egrrcpa.html https://www.fdic.gov/transparency/egrrcpa.html : > The FDIC is responsible for a number of rulemakings under the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). This page provides links to proposed and final rules and related documents. "FDIC Releases Economic Scenarios for 2022 Stress Testing" (2022) https://www.fdic.gov/news/press-releases/2022/pr22019.html https://www.fdic.gov/news/press-releases/2022/pr22019.html How can the scenarios and policies be improved?