New bill would repeal the horrible bank law signed by Trump 5 years ago

[pyetro]

Warren, Booker and Menéndez are sponsoring a bill that would repeal some of the harmful banking deregulations that were passed by a majority of Republicans five years ago. These deregulations allowed banks like Silicon Valley Bank and Signature Bank to take on excessive risks and eventually collapse, threatening the stability of our financial system.

Republicans should fix their karma a little by supporting this bill, which would restore critical oversight and capital requirements for large banks.

Democrats, led by Warren and Porter, unveil bill to repeal Trump-era bank law

The legislation, first reported by NBC News, would undo the core of a 2018 deregulation law by restoring enhanced scrutiny of banks with assets of $50 billion to $250 billion.

www.nbcnews.com

 

[Rambunctious]

This bank problem has nothing to do with regulation or Trump... so stop making fools of yourself libs....

 

[whitehall]

Only the truly biased and ignorant left wingers would blame the former president for the negligence and corruption that caused the current bank collapse. The so-called "justice dept." has yet to address the bit-coin scandal and the democrats who were knee deep in dirty bit-coin money.

 

[pyetro]

This bank problem has nothing to do with regulation or Trump... so stop making fools of yourself libs....

Wow, you know so much about economics! Did you get your degree from Wikipedia or YouTube?’

 

[Harry Dresden]

Warren, Booker and Menéndez are sponsoring a bill that would repeal some of the harmful banking deregulations that were passed by a majority of Republicans five years ago. These deregulations allowed banks like Silicon Valley Bank and Signature Bank to take on excessive risks and eventually collapse, threatening the stability of our financial system.

Republicans should fix their karma a little by supporting this bill, which would restore critical oversight and capital requirements for large banks.

Democrats, led by Warren and Porter, unveil bill to repeal Trump-era bank law

The legislation, first reported by NBC News, would undo the core of a 2018 deregulation law by restoring enhanced scrutiny of banks with assets of $50 billion to $250 billion.

www.nbcnews.com

so it was more of the jerks running the banks....got ya...

 

[g5000]

Congress Approves First Big Dodd-Frank Rollback (Published 2018)

The Republicans did not want the banks stress tested.

Today, the stock market is doing it for them.

 

[g5000]

The catalyst for the day’s turmoil appeared to be Credit Suisse, the mistake-prone Swiss bank that has struggled for years to turn around its fortunes, with customers steadily shifting their assets to rival banks. It recorded the most eye-catching decline, with its shares losing roughly 30 percent, setting yet another record low. On Wednesday, the bank’s largest shareholder, Saudi National Bank, ruled out providing more money for Credit Suisse as it struggles with its latest turnaround plan.

The banks’ bond prices plummeted and the cost of insuring the bank’s debt against a possible default soared. S&P Global Ratings said on Tuesday that European banks had little exposure to Silicon Valley Bank or Signature Bank, nor did they view any European banks as being exposed to the same risks. “That said, we are mindful that SVB’s failure has shaken confidence,” analysts at the rating agency said.

The shares of midsize U.S. regional banks that have been hit hard after Silicon Valley Bank collapsed resumed their declines. First Republic Bank slipped 24 percent, PacWest fell 14 percent, Western Alliance lost 7 percent and Zions Bank dropped more than 5 percent.

Shortly before the market opened, S&P Global Ratings cut the credit rating of First Republic by several notches, into so-called junk territory. “We believe the risk of deposit outflows is elevated,” the ratings agency said, noting that the bank’s deposit base is more concentrated than many other banks, with a large share commercial clients holding balances above the $250,000 limit insured by the government.

Markets Tumble as Bank Fears Go Global

Shares fell sharply, with banking stocks taking a beating, as Tuesday’s rally quickly faded.

www.nytimes.com

 

[Rambunctious]

Wow, you know so much about economics! Did you get your degree from Wikipedia or YouTube?’

Regulation cuts had nothing to do with the collapse of these banks...

 

[g5000]

Regulation cuts had nothing to do with the collapse of these banks...

It had everything to do with it. You are being gaslighted by your propagandists. They are making idiotic and ignorant claims just like they did in 2008 trying to blame the negroes.

 

[Rambunctious]

Joe did this... 100% his fault for crashing the energy sector of our nation... that has caused interest rates to climb which has crushed small banks portfolios....

 

[pyetro]

Regulation cuts had nothing to do with the collapse of these banks...

Experts versus "Rambunctious".
That's a difficult choice

 

[Rambunctious]

It had everything to do with it. You are being gaslighted by your propagandists. They are making idiotic claims just like they did in 2008 trying to blame the negroes.

No it fucking did not... every expert on TV has said so... we know what happened... interest rates climbing is what happened and that is due to Biden's inflation.....

 

[Rambunctious]

Experts versus "Rambunctious".
That's a difficult choice

Only for fools like you... I must have hit a truth nerve inside of you... you know I'm right and it sinks your whole narrative in this thread....

 

[g5000]

SVB was one of the banks which lobbied the GOP to exempt them from stress tests and capital requirements.

Once they go what they wanted, they massively loaded up on interest rate risk.

Boom!

There is at least $16 trillion of interest rate risk in government bonds out there right now, and god knows how many more trillions of dollars of interest rate risk in corporate bonds.

And that's just counting the US. Globally, it's anyone's guess, which is why the Saudis have pulled out of Credit Suisse.

 

[Rambunctious]

THIS BANKING CRISIS IS 100% Joe Biden's fault....

 

[Rambunctious]

SVB was one of the banks which lobbied the GOP to exempt them from stress tests and capital requirements.

Once they go what they wanted, they massively loaded up on interest rate risk.

Boom!

There is at least $16 trillion of interest rate risk in government bonds out there right now, and god knows how many more trillions of dollars of interest rate risk in corporate bonds.

And that's just counting the US. Globally, it's anyone's guess, which is why the Saudis have pulled out of Credit Suisse.

BS the largest percentage of SVB borrowers are Chinese tech companies... now we know why Joe bailed them out so quickly....

 

[Ralph Norton]

Warren, Booker and Menéndez are sponsoring a bill that would repeal some of the harmful banking deregulations that were passed by a majority of Republicans five years ago.

Passed with bipartisan support, dumb ass.

 

[g5000]

No it fucking did not... every expert on TV has said so...

That's a lie.

"Every expert on TV".

TV.

BWA-HA-HA-HA-HA!

we know what happened... interest rates climbing is what happened and that is due to Biden's inflation.....

It's not Biden's inflation. It's the Fed's ZIRP and Obama and Trump adding $16 trillion to the debt.

You haven't a clue about economics and how inflation comes about.

 

[kyzr]

It had everything to do with it. You are being gaslighted by your propagandists. They are making idiotic and ignorant claims just like they did in 2008 trying to blame the negroes.

The SVB Bank is a democrat cash cow. It donated $47,000,000 to BLM. It donated millions to Schumer, Maxine, and many other dems.

Lets not lose sight of a mis-managed bank, (like FTX) but donates millions to democrats. Disgusting. If SVB was in AL, or FL, or TX the dems would let it die.

 

[Rambunctious]

Just like the terrible costly Afghanistan withdrawal this new crisis is all on dumbass Biden.....