Opinion | Deregulation, not diversity, drove Silicon Valley Bank’s downfall

United States News News

Opinion | Deregulation, not diversity, drove Silicon Valley Bank’s downfall
United States Latest News,United States Headlines
  • 📰 MSNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Mike Konczal: This Obama-era bill could have stemmed the fallout from Silicon Valley Bank's collapse. Here's why it failed.

Now the talking points are quickly moving from what caused the failure to what didn’t: deregulation.

But their argument is also wrong. There are many causes to the failures here, but a 2018 bill deregulating banks just like SVB — which— must play a central role in understanding what has happened and how we should respond.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MSNBC /  🏆 469. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Did deregulation lead to Silicon Valley Bank's collapse?Did deregulation lead to Silicon Valley Bank's collapse?President Trump-endorsed rollback of Dodd-Frank's tougher scrutiny of banks was a significant factor in SVB's problems. But it wasn't the only culprit.
Read more »

Silicon Valley Bank failure renews focus on a 2018 deregulation lawSilicon Valley Bank failure renews focus on a 2018 deregulation lawLawmakers who voted for the rollback in 2018 are standing by their position, even as it threatens to resurface a major divide among Democrats.
Read more »

Warren Calls on Fed’s Jerome Powell to Recuse Himself From Investigating Silicon Valley Bank FailureWarren Calls on Fed’s Jerome Powell to Recuse Himself From Investigating Silicon Valley Bank FailureSen. Elizabeth Warren is calling for Federal Reserve Chair Jerome Powell to recuse himself from his agency’s investigation into the Silicon Valley Bank failure because his actions directly contributed to the collapse.
Read more »

Opinion | The right’s crazy explanation for Silicon Valley Bank’s fallOpinion | The right’s crazy explanation for Silicon Valley Bank’s fall.jamescdownie: Conservatives are using one word to explain everything from a train derailment to a bank failure to the police wrongly beating a motorist. 'Say ‘woke’ in case of emergency' has truly become a favorite strategy.
Read more »

Opinion | Why the Silicon Valley Bank rescue hasn’t calmed other banks’ customersOpinion | Why the Silicon Valley Bank rescue hasn’t calmed other banks’ customersExecutives at some of the other banks watching their stocks plummet didn’t necessarily do anything wrong. But in this current paranoid landscape, that’s not enough.
Read more »



Render Time: 2025-02-24 21:23:07