#Yellen: #Banking Regulations May Have Become Too Loose https://politicaliq.com/2023/03/30/yellen-banking-regulations-may-have-become-too-loose/ #siliconvalleybankcollapse #SignatureBankcollapse #FDIC #DoddFrankAct #politicaliq #news #politics

That's what makes the bailout so dismaying. It involves an exotic (to put it mildly; "absurd" also springs to mind) interpretation of the FDIC's statutory authority and the contours of the #DoddFrankAct, passed after the #GreatFinancialCrisis to ensure that the public would never reward reckless banks for failure.

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RT @ProMarket_org: NEW: @ChicagoBooth Professor Anil Kashyap explains why the collapse of #SVB #SiliconValleyBank and Signature Bank is the result of the failure of the #DoddFrankAct to adequately attend to funding risks from certain business models.

https://t.co/4dLfevimYw

"Unter #Trump wurde daher im Jahr 2018 der #DoddFrankAct deutlich entschärft,in dem Banken mit einer Bilanzsumme kleiner als 250 Mrd. USD von zahlreichen Erleichterungen & Ausnahmetatbeständen profitierten – darunter fiel auch die #SiliconValleyBank..."🤷🏽‍♀️

#SVB

https://thomaswuest-blog.de/die-pleite-der-silicon-valley-bank-ein-erbe-trumps/