#Senators Aren’t Ready to Blame Themselves for #SiliconValleyBank Implosion https://theintercept.com/2023/03/15/silicon-valley-bank-senators/
2018 #deregulation bill: #Senate #Bill2155 — curbed parts of the #DoddFrank Act that forced #banks to lend responsibly, hold adequate cash on hand, and conduct stress tests to ensure the liquidity required to prevent a run. Removing oversight on banks holding $50 billion in assets to banks holding over $250 billion.
#senators #siliconvalleybank #Deregulation #senate #bill2155 #doddfrank #banks