Democrats Blame SVB Collapse On Trump-Era Regulatory Rollbacks—But GOP Opposes Stricter Rules
Kabuhayan Sinisisi ng mga Demokratiko ang Pagbagsak ng SVB Sa Mga Regulatoryong Rollback sa Panahon ng Trump—Ngunit Sinasalungat ng GOP ang Mas Mahigpit na Mga Panuntunan 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Topline Democrats placed blame for the collapse of Silicon Valley Bank and Signature Bank over the weekend on looser regulations signed by former President Donald Trump, and called for Congress to reimpose some post-Great Recession rules on smaller banks—but Republican lawmakers have already expressed opposition to stricter regulations, and they have long odds of passing the GOP-controlled House. Sen. Elizabeth Warren (D-Mass.) said in a op-ed published Monday that “regulators should reverse the dangerous bank deregulation of the Trump era” that eliminated some restrictions imposed by the 2010 Dodd-Frank law for small and medium-sized banks like SVB and Signature, including regular stress tests and enhanced risk-measuring standards. Warren said regulators should reform the deposit insurance system so that financial institutions are responsible for protecting large corporations with uninsured deposits, rather than expecting “free support from the government” (the FDIC has promised to make all SVB and Signature depositors whole, even if their assets exceed the $250,000 normally insured by the government, though the Treasury has stressed any losses will come from banks