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Good question. Who eased the Banking Regulation limits from $50B to $250B, allowing SVB to take Billions during the pandemic and invest them in low interest MB

by kurthr 4y ago

Good question. Who eased the Banking Regulation limits from $50B to $250B, allowing SVB to take Billions during the pandemic and invest them in low interest MBS without hedging them appropriately? https://www.reuters.com/article/us-usa-trump-dodd-frank/trump-signs-bill-easing-u-s-bank-rules-into-law-idUSKCN1IP2WX https://www.reuters.com/article/us-usa-trump-dodd-frank/trum... Is that a friend of Peter Thiel? Someone he's been a vocal political and financial supporter for?

brightlancer 4y ago
Trump signed a bill passed by both houses of Congress; so the "who" is Trump, roughly 51 senators and roughly 213 representatives. It's not like Thiel called up Trump and they made this happen over lunch.
- kurthr 4y ago
  Wow, so party line vote? Interesting. SVB lobbying using McCarthy's chief of staff. Hmmm. Think Thiel might have made a call? Maybe since he had so much money (of his investees) in it? Wasn't he recommending SVB? Just asking questions.
  - brightlancer 4y ago
    > Wow, so party line vote? Interesting. I don't know. I didn't look up the vote. My point was that it wasn't only Trump and instead involved hundreds of others.