Dodd-Frank always seemed like a vague hodge-podge of stuff that, sure, strengthen regulators but didn't put many hard limits on banks. Regardless, Frank is corr

Dodd-Frank always seemed like a vague hodge-podge of stuff that, sure, strengthen regulators but didn't put many hard limits on banks. Regardless, Frank is correct that the agency that should have dealt with Signature's problems was the State regulator, not the Feds. The thing is that both SVB and Signature were these large commercial banks that didn't really do many commercial loans, they just bought bonds. That's more or less going to doom you to die sooner or later 'cause your estimate of the future value of a money isn't always going to be better than average. So regulators should have said something a while back, yeah. Why they didn't or couldn't is the question.