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Regulation to prevent them from getting into dangerous situations.. financial regulations on capital requirements and stress tests, the sort of the things that
by sambull 4y ago
Regulation to prevent them from getting into dangerous situations.. financial regulations on capital requirements and stress tests, the sort of the things that in 2018 the SVB CEO worked successfully to be removed.
"SVB CEO and President Greg Becker "personally led" the bank's $500,000 lobbying efforts to reduce financial regulations on capital requirements and stress tests, according to the Accountable.US report." [0]
https://www.salon.com/2023/03/15/rolled-back-regulations-got-donations-from-svb--now-they-want-to-go-further/ https://www.salon.com/2023/03/15/rolled-back-regulations-got...
- armada651 4y agoFully agreed there, we should indeed be focusing on the lack of regulation of the bank rather than whether 10-year investment are good bets or not. Because even a bank with lots of short-term bets can be driven into the ground without those kinds of regulations.