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> Some weeks after my visit, Silicon Valley Bank failed and nearly dragged the global financial system down along with it—a direct result of the Trump administr

> Some weeks after my visit, Silicon Valley Bank failed and nearly dragged the global financial system down along with it—a direct result of the Trump administration’s deregulation agenda. Really? This seems kind of far afield. How is SVB due to Trump?

photon12 3y ago
There used to be stricter capital requirements and oversight for regional banks, until: https://www.washingtonpost.com/business/economy/trump-signs-law-rolling-back-post-financial-crisis-banking-rules/2018/05/24/077e3aa8-5f6c-11e8-a4a4-c070ef53f315_story.html https://www.washingtonpost.com/business/economy/trump-signs-... See also: https://www.nbcnews.com/politics/congress/silicon-valley-bank-collapse-puts-new-spotlight-2018-bank-deregulation-rcna74655 https://www.nbcnews.com/politics/congress/silicon-valley-ban...
0x445442 3y ago
TDS manifests itself in many ways. Blaming the failure of SVB on Trump is just one of them.