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What Katie Porter rightly had to say about the debacle on the birdsite:

"The collapse of Silicon Valley Bank was totally avoidable. In 2018, Wall Street pushed a deregulation bill that allowed banks like SVB to take reckless risks. It passed, even as I and many others warned of the risks. I am writing legislation to reverse that law."

Between 2015 & 2018 (passage of "GOP's" rollback legislation) SVB spent more than $500,000 to lobby/ bribe/ coerce Members of Congress to implement the deregulation that let SVB fuck up its own business.


commondreams.org/news/trump-er

#svb #siliconvalleybank #riskyinvestments #doddfrank #gopsabotage #trumpcorruption #incompetentgop #corruption #americadeservesbetter #democracy #wecandothis

Last updated 2 years ago

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