People are so ass backwards. The banks did stupid shit, let em die and lessons be learned. Less regs, please. The only thing keeping this going is govt bail outs. You don’t run your business into the ground if you’re a normal person. Ask any local businesses owner.
You have to blame the bailouts, which have been happening since the creation of the Fed.
There is ZERO incentive for a bank to be fiscally conservative or responsible when they know they’ll be bailed out by the tax payer, bought by a larger institution or a combination of the two.
Didn’t Barney Frank (the “Frank” in the Dodd-Frank Act), who was on the board of Signature Bank when it collapsed on the heals of SVB collapsing. Didn’t he say Trump’s roll back had little to do with the banks collapsing? I vaguely remember that from the time of the SVB and Signature Bank collapses
Hey HEY! You watch your mouth calling @nek a leftoid. He’s probably top 5 biggest shit for brains MAGAtards on this site. I won’t have you besmirching his name like that.
Trump changed the regulations but he didn’t prevent the Fed from stress-testing banks or from banks following the rules of the Fed. What’s happening today is due to Bidens Fed, not Trump.