How Silicon Valley Bank & Signature Bank Weakened Regulations That Could Have Prevented Collapse

The collapse of Silicon Valley Bank and Signature Bank are the largest bank failures since the 2008 financial crisis, which prompted lawmakers to pass legislation to increase regulations on banks and other financial institutions. But during the Trump administration, a number of Democrats joined Republicans in Congress to weaken laws including Dodd-Frank, the landmark regulatory reform passed in the wake of the crisis. Executives from Silicon Valley Bank and Signature Bank were among those who successfully lobbied to weaken rules that may have prevented their collapse. The fallout from the bank failures now threatens to spread to other financial institutions, and the Biden administration has taken extraordinary steps to guarantee all deposits in the two failed banks and to shore up the rest of the sector in what many are criticizing as a bailout of rich bank customers. For more, we speak with _The Lever_'s David Sirota and banking law professor Mehrsa Baradaran, whom progressive groups at one point backed as the Biden administration's pick for comptroller of the currency, an influential regulator of banks.

Rating:
  • Currently 0/5 stars.

Views: 93

Comment

You need to be a member of True Skool Network to add comments!

Join True Skool Network

Best guide to hip hop, soul, reggae concerts & events in San Francisco Bay Area, Los Angeles & New York City + music, videos, radio and more

Connect

Bookmark and Share

Subscribe to E-Blast

WIN TICKETS

All-4-One
Saturday, Mar 9 @ Yoshi's, Oakland

Loose Ends
Friday-Saturday, Mar 22-23 @ Yoshi's, Oakland

Ledisi
Sunday, Apr 14 @ Fox Theater, Oakland

Steel Pulse
Thursday, Apr 18 @ UC Theatre, Berkeley

Members

Photos

  • Add Photos
  • View All

Groups

Latest Activity

realmuzik posted discussions
13 hours ago
Editor's Pick posted discussions
18 hours ago
Artistpr posted a blog post

Introducing Vons WRLD: A Rising Musical Talent Emerges from Omaha, Nebraska

Oakland, California — At just 17 years old, Von Williams or professionally known as emerging artist Vons WRLD is already making waves in the music industry with his powerful storytelling and captivating melodies. Born in Omaha, Nebraska, and raised in the vibrant musical landscape of Atlanta, Georgia, Vons WRLD draws inspiration from his diverse upbringing to create music that resonates with audiences worldwide.Despite facing the challenges of a rough childhood, Vons WRLD found solace and…See More
Wednesday
realmuzik posted discussions
Wednesday
Editor's Pick posted discussions
Tuesday
Editor's Pick posted discussions
Monday
Tampa Mystic posted a blog post

Young Zeek IS Back With New Single Blue Vibes Feat MJ Robinson

Rap artist Young Zeek continues to push the boundaries of what it takes to become a great artist. He's dropping the 4th project out of the "Blow" series and he continues to put out classic hip hop music. YZ released eleven projects independently on Royalty Gang Records, he's an underground legend that is making his mark on the hip hop scene. He selects amazing beats, has an original flow and charm that has the ladies falling in love with the rapper. "Blow 4" is amazing from start to finish, his…See More
Monday
Editor's Pick posted discussions
Saturday
Editor's Pick posted discussions
Mar 22
realmuzik posted discussions
Mar 22
Artistpr posted a blog post

Shyne’ce Love – Triumph Over Adversity Through Melodic Hip Hop and Classical Expressions

From personal loss to musical enlightenment, New Orleans singer-songwriter Shyne’ce paves journey towards healing and empowermentNew Orleans, Louisiana —Shyne’ce Love’s story is one of heartbreaking losses and remarkable recovery, a narrative that she weaves into her groundbreaking music. Her new single, “Broken Hearted” is a sublime and…See More
Mar 22
Editor's Pick posted videos
Mar 21

© 2024   Created by Ren the Vinyl Archaeologist.   Powered by

Badges  |  Report an Issue  |  Terms of Service