5 ms·

I think there was an air of "hey, it's been ten years since 2008, the system is working; we can relax Dodd-Frank a little bit." After March 2023, the message s

I think there was an air of "hey, it's been ten years since 2008, the system is working; we can relax Dodd-Frank a little bit." After March 2023, the message should be an unequivocal "no, not even a little bit."

2OEH8eoCRo0 4y ago
No more polio! We can stop getting polio vaccines!
- hammock 4y ago
  [flagged]
  - Waterluvian 4y ago
    Seatbelts and airbags are a leading cause of auto accident injuries. They need to go. (I know you’re saying that tongue-in-cheek. I’m just being a stinker)
    - hammock 4y ago
      Not saying anything tongue in cheek. https://www.npr.org/2019/11/16/780068006/how-the-oral-polio-vaccine-can-cause-polio https://www.npr.org/2019/11/16/780068006/how-the-oral-polio-...
      - Waterluvian 4y ago
        I wonder if not using the vaccine would result in more or fewer total cases over a period of time. (None of which is to say we shouldn’t always try to design safer seatbelts and airbags)
      - dev_tty01 4y ago
        That article says nothing about the relative risk of no oral polio administration vs. the small number of people who can get polio from it. The level of death pre oral polio vaccine vs after is clear. The article is simply pointing out that it would be better if everyone could get the vaccine without live virus because the live virus oral version is beginning to have some unintended issues. The use of oral polio vaccines has saved huge numbers of lives but it needs to be modified now. It is not speaking against vaccines in general.
    - isaacg 4y ago
      Most cases of Polio are actually caused by vaccines - it's not a case of confusing cause and effect: https://en.wikipedia.org/wiki/Polio#Epidemiology https://en.wikipedia.org/wiki/Polio#Epidemiology This is only the case because the vaccine has been so effective that the disease is close to being infected, and a vaccine-caused case is much less severe than a wild case, but they're still looking into a different vaccine type that will lower the risk of vaccine-caused infections.
      - Waterluvian 4y ago
        Hence the comment about seatbelts.
deleted 4y ago
[deleted]
ummonk 4y ago
Possibly, but Dodd-Frank wouldn't have prevented what happened at SVB.
- heyoni 4y ago
  Wouldn’t SVB have to go through the rigors of the stress tests mandated by Dodd-Frank?
  - twblalock 4y ago
    What makes you think the regulators wouldn't have given SVB a passing grade?
    - heyoni 4y ago
      You mean besides the fact that FDIC just took them over?
wskinner 4y ago
How did the relaxation of Dodd-Frank lead to what happened at SVB?
- frankbreetz 4y ago
  From what I understand there use to be a stress test. I.E. government employees would hypothetically withdraw a lot of deposits and see what would happen. The threshold for the test was recently changed from 50 billion to 250 billion AUM, so SVB no longer met the threshold and didn't have to do the stress test. I have heard the stress test would have caught this.
  - dilyevsky 4y ago
    Dodd Frank != stress testing and nobody was ever stress testing regional banks. Maybe they should start now given that depending on the region bank failure can have national security consequences
    - thedougd 4y ago
      From my experience at a regional/super-regional bank, CECL and CCAR were absolutely happening in banks around the 200b mark.
  - beezle 4y ago
    It should not have taken a stress test for the FRBSF or CA State Examiners to see the high risk to solvency a run would create for SVB given the size and state of their HTM portfolio.

2OEH8eoCRo0 4y ago

No more polio! We can stop getting polio vaccines!

hammock 4y ago
[flagged]
- Waterluvian 4y ago
  Seatbelts and airbags are a leading cause of auto accident injuries. They need to go. (I know you’re saying that tongue-in-cheek. I’m just being a stinker)
  - hammock 4y ago
    Not saying anything tongue in cheek. https://www.npr.org/2019/11/16/780068006/how-the-oral-polio-vaccine-can-cause-polio https://www.npr.org/2019/11/16/780068006/how-the-oral-polio-...
    - Waterluvian 4y ago
      I wonder if not using the vaccine would result in more or fewer total cases over a period of time. (None of which is to say we shouldn’t always try to design safer seatbelts and airbags)
    - dev_tty01 4y ago
      That article says nothing about the relative risk of no oral polio administration vs. the small number of people who can get polio from it. The level of death pre oral polio vaccine vs after is clear. The article is simply pointing out that it would be better if everyone could get the vaccine without live virus because the live virus oral version is beginning to have some unintended issues. The use of oral polio vaccines has saved huge numbers of lives but it needs to be modified now. It is not speaking against vaccines in general.
  - isaacg 4y ago
    Most cases of Polio are actually caused by vaccines - it's not a case of confusing cause and effect: https://en.wikipedia.org/wiki/Polio#Epidemiology https://en.wikipedia.org/wiki/Polio#Epidemiology This is only the case because the vaccine has been so effective that the disease is close to being infected, and a vaccine-caused case is much less severe than a wild case, but they're still looking into a different vaccine type that will lower the risk of vaccine-caused infections.
    - Waterluvian 4y ago
      Hence the comment about seatbelts.

deleted 4y ago

[deleted]

ummonk 4y ago

Possibly, but Dodd-Frank wouldn't have prevented what happened at SVB.

heyoni 4y ago
Wouldn’t SVB have to go through the rigors of the stress tests mandated by Dodd-Frank?
- twblalock 4y ago
  What makes you think the regulators wouldn't have given SVB a passing grade?
  - heyoni 4y ago
    You mean besides the fact that FDIC just took them over?

wskinner 4y ago

How did the relaxation of Dodd-Frank lead to what happened at SVB?

frankbreetz 4y ago
From what I understand there use to be a stress test. I.E. government employees would hypothetically withdraw a lot of deposits and see what would happen. The threshold for the test was recently changed from 50 billion to 250 billion AUM, so SVB no longer met the threshold and didn't have to do the stress test. I have heard the stress test would have caught this.
- dilyevsky 4y ago
  Dodd Frank != stress testing and nobody was ever stress testing regional banks. Maybe they should start now given that depending on the region bank failure can have national security consequences
  - thedougd 4y ago
    From my experience at a regional/super-regional bank, CECL and CCAR were absolutely happening in banks around the 200b mark.
- beezle 4y ago
  It should not have taken a stress test for the FRBSF or CA State Examiners to see the high risk to solvency a run would create for SVB given the size and state of their HTM portfolio.