Army of lobbyists worked to water down bank rules that regulated SVB and Signature: ‘You couldn’t throw an elbow without running into one’
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.
Published 2 months ago · Washington, United States
Time & Location
Sources are mostly out of (0)
Bias Distribution
47% of the sources lean Left
+9
+8
L 47%
C 43%
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