MJ Muse · @MJmusicinears
379 followers · 4170 posts · Server mastodon.world

alternet.org/biden-executives- The president said in a statement that the White House's authority to hold executives directly responsible for the failure is limited, but said Congress can and should pass legislation granting the Federal Deposit Insurance Corporation (FDIC) broader powers to take action against former SVB CEO Greg Becker and other executives. "I'm firmly committed to accountability for those responsible for this mess," said Biden.

#bankingderegulation #svb #FDIC

Last updated 2 years ago

Badwolf303 · @marcibadwolf303
635 followers · 6634 posts · Server mastodon.world
Marleybits · @marleybits39
96 followers · 2648 posts · Server mastodon.world
MJ Muse · @MJmusicinears
371 followers · 3968 posts · Server mastodon.world

There Are Worse Things Than Mild Inflation
A shaky banking system, for one. A failure to comprehend how the climate crisis raises prices, for another. Will the Fed continue to compound the damage?
prospect.org/economy/2023-03-1

#inflation #climatechange #bankingderegulation

Last updated 2 years ago

MJ Muse · @MJmusicinears
362 followers · 3890 posts · Server mastodon.world

huffpost.com/entry/silicon-val Can The Chaos From Silicon Valley Bank's Fall Be Contained?

Lawmakers are trying to decide whether the federal government should bail out a failed reckless bank that mostly served the wealthy and powerful.

#corporategreed #svb #bankingderegulation

Last updated 2 years ago