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Here is Donald Trump in 2017 bragging about rolling back regulations on community banks like Silicon Valley Bank:
528,903 views • 3 years ago •via X (Twitter)
11 Comments

Without telling a lie Brian…what specific regulations were ‘rolled back’ that would have prevented the SVB failure? The better question is where was Treasury and the OCC? Like the rest of Bidens cabinet, late-on-arrival.

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Silicon Valley bank is not a community bank...

Why didn’t Biden reinstate the bank rules? He had two years of the senate, house and White House. It’s amazing how many bad things Trump did that Biden never showed any interest in undoing.

The rollbacks had nothing to do with what happened to SVB 🤡🤡🤡

You do realize a) Frank approved of the changes and b) the Fed caused this squeeze, c) SVB's actions caused the run on their bank and d) no stress tests would have stopped what happened. So... Let's talk about how to fix it going forward.

This is from 2018.

We’re still suffering the consequences of his failures!

"There were actually 16 bank failures between 2017 and 2020. SVB Bank is the first to collapse since Biden took office." He sourced data from the Federal Deposit Insurance Corporation (FDIC), which reports that eight banks failed in 2017, four in 2019 and four in 2020.

The bank collapsed because of the people running it. If my small business goes belly up, it isn’t anyone’s fault but my own. Blame the people who were supposed to know better, who were responsible for the bank. Why blame anyone else?

Well… SVB is not at all a community bank. Also. Anyone who understands these regulations would know that these roll backs have nothing to do with the complete management and investment failures of SVB. But… good headline







