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Source for SVB lobbying against banking regulations?
by School-Cotton 4y ago
Source for SVB lobbying against banking regulations?
- crummy 4y agohttps://www.theguardian.com/business/2023/mar/11/silicon-valley-bank-weaken-risk-regulations-svb https://www.theguardian.com/business/2023/mar/11/silicon-val...
- School-Cotton 4y agoThanks!
- doh 4y ago“In 2015, SVB President Greg Becker submitted a statement [0] to a Senate panel pushing legislators to exempt more banks – including his own – from new regulations passed in the wake of the 2008 financial crisis.” [0] https://www.govinfo.gov/content/pkg/CHRG-114shrg94375/pdf/CHRG-114shrg94375.pdf?ref=the-lever https://www.govinfo.gov/content/pkg/CHRG-114shrg94375/pdf/CH...
- School-Cotton 4y agoThanks!
- cgh 4y agoOof, this is real shot/chaser stuff. For anyone interested, the relevant statement starts on page 115 of the linked document. It’s quite short and worth reading. Some real Big Short vibes here.
- fbdab103 4y agoCompletely unrelated to anything, but why was this document scanned by a potato? They do not keep the original electronic version?
- portpecos 4y agoSilicon Valley Bank chief pressed Congress to weaken risk regulations https://www.dailymail.co.uk/news/article-11847295/amp/CEO-collapsed-Silicon-Valley-Bank-successfully-lobbied-Congress-avoid-imposing-extra-scrutiny.html https://www.dailymail.co.uk/news/article-11847295/amp/CEO-co... I googled that for you.