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

[g5000]

Passed with bipartisan support, dumb ass.

100 percent Republican support, about 2 percent Democratic support.

 

[g5000]

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

Nope. It's all on the Fed and the Trump regulatory rollback.

 

[Rambunctious]

That's a lie.

"Every expert on TV".

TV.

BWA-HA-HA-HA-HA!



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.

You are a dirty fucking liar....

 

[Rambunctious]

Nope. It's all on the Fed and the Trump regulatory rollback.

The fed raised interest rates to combat Joe's inflation dumbass....
It has zero to do with Trump.....

 

[Frankenstein]

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

YEP!

 

[g5000]

Economic Growth, Regulatory Relief, and Consumer Protection Act - Wikipedia

en.wikipedia.org

https://www.fdic.gov/news/board-matters/2019/2019-10-15-notice-sum-b-mem.pdf

Section 401 of EGRRCPA amended section 165(1)(2)by: (1)raising the minimum asset threshold for stress tests from $10 billion to $250 billion;(2)replacing the requirement for "annual"stress tests with a requirement for "periodic" stress tests; and (3)eliminating the "adverse"scenario requirement. The EGRRCPA amendments become effective on November 24, 2019 (eighteen months after enactment).


In 2021, SVB increased their holdings of bonds by 159.5 percent, loading themselves up with astronomical interest rate risk.

A stress test would have revealed just how far out in the wind they were.

 

[Rambunctious]

If this is Trump's fault why isn't Biden saying so?... because he would be laughed off the stage....

 

[g5000]

The fed raised interest rates to combat Joe's inflation dumbass....
It has zero to do with Trump.....

Biden didn't cause inflation, idiot.

Like I said, you have zero understanding of economics.

 

[francoHFW]

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....

everybody in the world knows the inflation was caused by Putin's attack on Ukraine. every country in the world has been hit by inflation and in fact the United States is doing better than anyone else under Biden, brainwashed functional moron.

 

[martybegan]

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

The failure was caused by increased interest rates de-valuing US Treasuries, which are usually seen as the safest form of investment banks are allowed to use deposits on. Once their value decreased, the reserves held by the bank decreased. Banks have to invest their money somewhere to pay off on interest, so what safer investment would they have been forced to take on?

What part of the regulation you are talking about would have prevented this situation?

 

[g5000]

Unlike the parroting rubes, I actually looked at SVB's financials.

Here's what sank SVB:

Investment securities totaled $128.0 billion at December 31, 2021, an increase of $78.7 billion, or 159.5 percent, compared to $49.3 billion at December 31, 2020. Our investment securities portfolio is comprised of: (i) an AFS securities portfolio and a HTM securities portfolio, both of which represents interest-earning fixed income investment securities; and (ii) a non-marketable and other equity securities portfolio, which represents primarily investments managed as part of our funds management business, investments in qualified affordable housing projects, as well as public equity securities held as a result of equity warrant assets exercised. The major components of the change in investment securities are explained below.


Inline XBRL Viewer


See page 66. You can see a massive increase in their bond holdings in 2021.

 

[francoHFW]

If this is Trump's fault why isn't Biden saying so?... because he would be laughed off the stage....

he did in his first comments about it, brainwashed functional moron. at least now we know how the corrupt GOP deregulation depression was going to happen this time... it takes a real **** **** to vote for them.

 

[Rambunctious]

Biden didn't cause inflation, idiot.

Like I said, you have zero understanding of economics.

Ok I'm done with your trolling ass.... you are a fool....

 

[g5000]

everybody in the world knows the inflation was caused by Putin's attack on Ukraine. every country in the world has been hit by inflation and in fact the United States is doing better than anyone else under Biden, brainwashed functional moron.

Inflation began spiking in 2021, a year before Putin's invasion of Ukraine.

But yes, inflation is global due to a record demand shock following the pandemic.

And US inflation is pretty tame compared to the rest of the world.

 

[francoHFW]

The failure was caused by increased interest rates de-valuing US Treasuries, which are usually seen as the safest form of investment banks are allowed to use deposits on. Once their value decreased, the reserves held by the bank decreased. Banks have to invest their money somewhere to pay off on interest, so what safer investment would they have been forced to take on?

What part of the regulation you are talking about would have prevented this situation?

doing away with the stress test for smaller banks? at least now we know how the Republicans would have ruined the world economy this time around.....

 

[g5000]

What part of the regulation you are talking about would have prevented this situation?

I showed what part of the EGRRCPA caused this problem with SVB in post 26.

 

[francoHFW]

Ok I'm done with your trolling ass.... you are a fool....

Yes yes When Putin attacked Ukraine, he screwed with 15% of the world's oil and grain production. I'm sure that would have no effect on inflation, brainwashed functional moron

 

[Rambunctious]

I showed what part of the EGRRCPA caused this problem with SVB in post 26.

You are a dirty liar... you said how many dems signed that bill?... a few?...

 

[g5000]

If this is Trump's fault why isn't Biden saying so?...

You once again show you have selective attention to what is going on:

And finally, we must reduce the risks of this happening again. During the Obama-Biden administration, we put in place tough requirements on banks like Silicon Valley Bank and Signature Bank, including the Dodd-Frank Law, to make sure the crisis we saw in 2008 would not happen again.

Unfortunately, the last administration rolled back some of these requirements. I’m going to ask Congress and the banking regulators to strengthen the rules for banks to make it less likely that this kind of bank failure will happen again and to protect American jobs and small businesses.

Remarks by President Biden on Maintaining a Resilient Banking System and Protecting our Historic Economic Recovery | The White House

 

[martybegan]

doing away with the stress test for smaller banks? at least now we know how the Republicans would have ruined the world economy this time around.....

The stress test would have come up with what?

Again, T-Bills are rated as the safest investments out there. You think a government mandated stress test would call them into question?