They would've had their assets stress tested AND would've been required to have more liquid assets.
It did NOT cause the failure. You just want it to be the cause.
I find it puzzling that the same institution that sold debt to these banks is the same institution that is raising interest rates at a blinding speed. How could the FEDS not know that raising interest rates would not kill these banks? It's like a two headed monster swallowing its young. They used these banks to peddle debt and now, well, just saying.
Raising interest rates was necessary.
I believe a year and a half ago these banks did meet the stress test. They failed to adjust to rising rates. What you're alluding to is that investing in government bonds is risky business. Huge spending bills and laws caused this debacle. If Biden would've cut spending instead of pushing for a ridiculous spending spree and not put a wet blanket on fossil fuels he'd go down in history as the wisest of the wisest.
They weren't required to have one.
You believe trump's word. Be quiet.
You have to answer one question truthfully, why do we have out of control inflation? It's not the banks fault and it's not the FED's fault. I'll give you a hint, the word starts with a C.
You should just actually say what you mean. Cocks didn't cause inflation.
I'm very well versed in the Dodd/Frank bill and stress testing banks. You can blame regulatory changes but that's not the case here. Even if the feds changed from fractional reserves to no reserves for smaller banks it's hard to wrap your head around how bank officers did not react to rising inflation and fed rates, converting bonds and securities to hard cash.
No, I meant (C)ongress, THEY PUSHED SPENDING BILLS and I'm sure some knew excessive spending, especially after all that covid relief, would fuel inflation.
It was multifaceted...mostly it was due to the pandemic. Congress wasn't the main driver. People staying at home so they didn't die was the number one .
I agree that DEI policies can result in unqualified people being put in critical leadership roles, but I just don’t think SVB and Signature depositors suddenly made a run on those banks because of DEI. Now if it turns out the reason SVB didn’t fill the chief risk officer vacancy is because they couldn’t find a disabled trans person of color, then that I’ll be more inclined to buy the DEI argument.
I wasn't referencing SVC particularly, there's plenty of blame to go around. This SVC issue brings me back to the repeal of the Glass/steagall act. When ya co-mingle commercial banks with investment banks they can't seem to resist greed.
So you're saying that regulation prevented bad shit from happening. Interesting take.
Is that why inflation is global and ours isn't even the worst?
You fucking dems dont get it do you, put down your fentanyl and get a grip but I doubt that is possible since you fried your brains.
I hate to burst your brain's blood vessels, Rainy...but the Dems ain't the ones ghosting on Fentanyl.
Trying to push the blame on the Trump administration show a definite reliance on drugs seeing as how blame him for heart disease, cancer, the PPC, you name it. The immediate answer for anything unpleasant is Trump did it. As the party of science and facts, the dems cant even define a female....get a grip dude
No, you simple bastard. It's red-state hillbillies who are catching fentanyl vapors -- your brethren. We're blaming your people for their deaths, not Trump.
There's a laundry list of things you can directly blame Cheeto for. You wanna know why?
What's the Pubs' answer? Calling everything they don't like "woke?" I completely forgot what you mooks were about before butchering that word.
The Dems can define female just fine. There are Pubs who think a woman's body can shut down pregnancy from rape.
