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Igel

(37,614 posts)

9. Yes, he should.

Reply to MichMan (Reply #7)

Tue Mar 14, 2023, 12:03 AM

Mar 2023

But CA regulators failed and then Fed Res regulators failed.

Third in line was the required stress test per statute.

Third.

This is like saying the East Palestine derailment resulted from Congressional action/Trump signing of regs that research showed would have minimal effect--when the actual cause was something completely different. Politicians politick.

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Highlight:

Bernie Sanders says Silicon Valley Bank's failure is the 'direct result' of a [View all] Uncle Joe Mar 2023 OP

President Biden said there isn't any bailout MichMan Mar 2023 #1

The government isn't bailing out SVB, Bernie. Ocelot II Mar 2023 #2

There is no bank Casady1 Mar 2023 #4

The depositors are mostly funded by SVB assets. Igel Mar 2023 #8

Right on, Bernie! Diamond_Dog Mar 2023 #3

Taxpayers aren't 'bailing out' SVP. The money comes from taxes paid by other banks. emulatorloo Mar 2023 #5

Do you believe this crisis is a direct result of Trump-era bank regulation policy? Uncle Joe Mar 2023 #6

I haven't seen the details explaining exactly how it did in this particular instance. MichMan Mar 2023 #7

Yes, he should. Igel Mar 2023 #9