4 ms·
IMHO, it feels like at minimum the regulators should have required that in exchange for reduced oversight for banks in the $50-$250B range - they should have re
by somethoughts 4y ago
IMHO, it feels like at minimum the regulators should have required that in exchange for reduced oversight for banks in the $50-$250B range - they should have reduced FDIC coverage for depositors and have been required a form to be filled out by existing and new customers to notify them of this reduction in coverage.
[1] https://www.wsj.com/articles/barney-frank-pushed-to-ease-financial-regulations-after-joining-signature-bank-board-e5c8819c https://www.wsj.com/articles/barney-frank-pushed-to-ease-fin...
- tedunangst 4y agoThe regulators are not the ones who negotiated away oversight.