Open Thread | The Failure of Silicon Valley Bank

The failure of SVB can be directly traced to Donald Trump and the GOP devotion to de-regulation.

It was the GOP who changed Dodd-Frank.

Well, since these folks wanted to change the rules, they should live under the rules they changed.😒😒


Uh huh😒🙄

Uh huh😒😒🙄


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4 Responses to Open Thread | The Failure of Silicon Valley Bank

  1. rikyrah says:

    President Biden (@POTUS) tweeted at 3:00 PM on Mon, Mar 13, 2023:
    President Obama and I put in place tough requirements on banks to make sure the 2008 crisis wouldn’t happen again.

    The last Administration rolled many of them back.

    Americans should have confidence that our banking system is safe, and we’re taking action to make it stronger.

  2. rikyrah says:

    Sebastian Smith (@SebastianAFP) tweeted at 9:09 AM on Mon, Mar 13, 2023:
    Summary of Biden remarks on SVB:
    – US ‘can have confidence’ in banks safety
    – SVB deposits ‘will be there’
    – Taxpayers will not cover the ‘losses’
    – Asking Congress ‘to strengthen’ regulations
    – Rescued bank management fired
    – ‘We must get the full accounting of what happened’

  3. rikyrah says:

    NewDemocrat4Life (@reesetheone1) tweeted at 10:42 AM on Mon, Mar 13, 2023:
    Does anyone get the feeling like me the left is gonna use this banking thing as a reason to try to Launch a real primary challenge vs Biden?

  4. rikyrah says:

    Good Morning, Everyone😊😊😊

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