Trump-Era Deregulation Deemed a Key Culprit in the Failure of Silicon Valley Bank

[BabyBoomer50s]

Isn't Credit Suisse one of those banks still under regulation?

Yes. And with regard to the relevant section of Dodd-Frank that addresses stress test regulations, those regulations subject non-U.S. banks to foreign as well as domestic regulatory scrutiny. Here are the Federal Reserve 2022 stress test results for all banks that are subject to it, including Credit Suisse.

https://www.federalreserve.gov/publications/files/2022-dfast-results-20220623.pdf

 

[ll74]

So the bank which has not imploded, was under increased scrutiny.

Weird.

 

[JohnnySavage]

You are an excellent googler.

 

[Chobham]

So the bank which has not imploded, was under increased scrutiny.

Weird.

Oh CS imploded alright.

 

[XersesRayCyrus]

Deregulation" How about all that inflationary Covid spending?

https://www.breitbart.com/clips/202...g-issues-will-continue-for-next-12-18-months/

 

[ll74]

Oh CS imploded alright.

Except that it didn't.

 

[BabyBoomer50s]

Oh CS imploded alright.

It was in bad shape and depositors were pulling billions out which is why the Swiss government stepped in initially with $54 billion, and when that wasn’t sufficient, then brokering the deal with UBS over the weekend

 

[Lazaran]

The RWCJ “members” should allow their lone existing semi functional brain cell time to warm up before posting, and subjecting themselves to public humiliation.

I wonder if each one of the RWCJ “members” can figure out where they individually fucked up???

RWCJ “members”

 

[XersesRayCyrus]

Laz, You are a putz and it comes to me as so surprise to see you once again sucking at the dick of totalitarianism in the name of the liberty that government can and never will deliver, its post and parcel is servitude.

 

[Lazaran]

So that’s a definite NO from RWCJ “member” JerksesRayCyrus

JerksesRayCurus

 

[XersesRayCyrus]

A good outline of what really happened sourced heavily from the WSJ.


https://www.americanthinker.com/art..._on_it_a_cheat_sheet_on_the_svb_collapse.html

 

[Lazaran]

From the first paragraph of RWCJ “member” JerksesRayCyrus’s own right wing biased article.

“This week, a lot of attention has been focused on the collapse of the Silicon Valley Bank. It is, in fact, a story of faulty accounting practices, POOR GOVERNMENT OVERSIGHT, and the effects of government micromanaging markets at the same time that it FAILS in its OVERSIGHT responsibilities. And you will be paying for it.”

JerksesRayCyrus

 

[XersesRayCyrus]

Putz...

 

[Lazaran]

Republican’s and the corrupt orange traitor’s deregulation and discouragement of oversight was the primary catalyst for the SVB scandal.

Full stop.

SAD!!!

 

[XersesRayCyrus]

I stand corrected: Misinformed putz.

 

[Chobham]

If you want to trace the roots of the recent financial problems, inflation included, you have to go WAY back. It takes time for the chickens to come home to roost.

The policies that the Clinton administration put in place in the '93-'94 time frame led to the sub-prime collapse of 2007-2009. The policies were well intentioned but were kept in place FAR too long. When the collapse inevitably happened the government and the Fed had to scramble to stop a total collapse so in came Ben Bernanke and the Obama administration to the rescue with 'quantitative easing.' What that policy did was to restore liquidity to the markets but the markets became addicted to the 'easy money.' By 2010-2011 the Fed should have started to tighten up but every time they signaled they might the markets threw a temper tantrum so the Fed backed off. To be fair Trump had his hand in that as well. When the Fed signaled tighter money Trump joined the markets in collective temper tantruming. So now, belatedly, the Fed. is tightening up and that is going to have unintended consequences as well.

 

[Lazaran]

Apology accepted JerksesRayCyrus.

JerksesRayCyrus

 

[Pad_Foot]

Inflation ? Ok.. supply lines made prices go up
Companies not ready to get restarted
Oil price increase??

We just had the lowest price for crude oil?
https://www.macrotrends.net/1369/crude-oil-price-history-chart
They were desperate to get rid of it during Covid. The demand dropped and we saw some relief, but now??? Hell!! The pice is lower now than many many years! Like ALL of Bush II’s years!! Oil companies are making money at the greatest rate ever!! We pay at the pump and at the stores !!

War profiteering ?? Look at drop in 2008.

Taxing the shit out of them only comes back on us

Cap their price increases! Cap their profit margin!! That!?? Vs nationalizing them all!!

Capitalism has nothing to do with their profits

They are not paying their share of the societal and environmental costs of their product !!

Our Democracy can’t fix this! The Oul Industry has too much “Free Speach” and thereby owns our politicians. (Add Coal and Munchbrsin!)

Our gas prices went UP when their crude price went down! One refinery “accident” we pay more! The price never goes back down

 

[HisArpy]

Oil companies are making money at the greatest rate ever!!

If you mean "profits" when you say "money" then this is false.

 

[Chobham]

If you mean "profits" when you say "money" then this is false.

You can tell where they get their "news" by what they post.

 

[adrina]

Irony. Massive fucking irony.

 

[Lazaran]

Irony. Massive fucking irony.

You can only be responding to this post:

You can tell where they get their "news" by what they post.

In related news:

https://amp.cnn.com/cnn/2023/03/21/media/fox-news-producer-lawsuit/index.html

JFC

SAD!!!

 

[LLCox]

Signature bank didn't fail and yet it still got taken over, WTF. I blame Nixxon closing the Gold window for everything.

 

[HisArpy]

Signature bank didn't fail and yet it still got taken over, WTF. I blame Nixxon closing the Gold window for everything.

Washington Mutual didn't fail either and was sold to JP Morgan Chase.


This only proves that the Fed owns the banking system and the various banks are just shell entities of FedGov Bank.

 

[BabyBoomer50s]

Not surprisingly, Elizabeth Warren’s debunked claim that the failures of SVB and Signature were caused by the bipartisan legislation passed in 2018 is not getting traction with her Democratic colleagues. Senate Majority Leader Schumer has indicated her proposal will not even be brought to the floor for a vote. Other Democratic senators have dismissed her assertions as unsubstantiated.

Stabenow challenged Democratic colleagues’ claims that the 2018 Economic Growth, Regulatory Relief and Consumer Protection Act led to the collapse of Silicon Valley Bank and Signature Bank.

“From what I’m hearing from people that really study this, there are other things that caused” the bank failures, she said. “There are other things that caused it. If we’re going to fix it, we should fix the right thing.”

Stabenow said she’s been told that Silicon Valley Bank would have passed the Fed stress test that it would have had to undergo had the 2018 law not eased the requirements of the earlier Wall Street Reform Act.

https://thehill.com/homenews/senate...es-with-democratic-split-over-banking-crisis/