Published 1 year ago

Army of lobbyists worked to water down bank rules that regulated SVB and Signature: ‘You couldn’t throw an elbow without running into one’

Summary by Ground News

Bipartisan coalition voted in 2018 to roll back portions of a far-reaching 2010 law intended to prevent a future financial crisis. Those changes are now being blamed for contributing to the recent collapse of Silicon Valley Bank and Signature Bank. The episode offers a fresh reminder of the power that bankers wield in Washington.

0 Articles

All

Left

Center

Right

The Independent

Army of lobbyists helped water down banking regulations

A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018

1 year ago·London, United Kingdom

Read Full Article

Associated Press News

Army of lobbyists helped water down banking regulations

WASHINGTON — It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness

1 year ago·United States

Read Full Article

abc News

Army of lobbyists helped water down banking regulations

A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018

1 year ago·United States

Read Full Article

Washington Times

Army of lobbyists helped water down banking regulations

It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations -- demonstrating a willingness to work with President Trump while bucking many in their party.

1 year ago·United States

Read Full Article

KRDO

Army of lobbyists helped water down banking regulations

By BRIAN SLODYSKO and KEN SWEET Associated Press WASHINGTON (AP) — It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness to work with President Donald Trump while bucking many in their party. That unlikely coalition voted in 2018 to roll back portions of a far-reaching 2010 law intended to prevent a future financial …

1 year ago·Colorado Springs, United States

Read Full Article