Meanwhile, back at the commune,...
The Socialist Elites, that think they're better and smarter than the common folk, continue to dine from Biden's diaper.
Meanwhile, back at the commune,...
Bank regulations were loosened on his watch in a modification to Dodd Frank that he signed which contributed directly to the bad loans SVB made that caused its collapse. Too bad. Since you believe all kinds of things that reiterate you have the IQ of an acorn I would advise not digging a deeper hole here.
Whatever that means…
From the "Ultra Right Wing" Politifact:Rate This wrote: ↑Sun Mar 19, 2023 8:21 amBank regulations were loosened on his watch in a modification to Dodd Frank that he signed which contributed directly to the bad loans SVB made that caused its collapse. Too bad. Since you believe all kinds of things that reiterate you have the IQ of an acorn I would advise not digging a deeper hole here.
Regulations don't mean squat if no one follows or enforces them."Why did the San Francisco Federal Reserve hold back when everyone knew that Silicon Valley Bank was heavily exposed to the tech industry and its investments were deteriorating?" Baxter said. "The triggers for regulatory action, still in place even after the 2018 partial deregulation, were not followed."
Who said that? Um some guy named Frank. Think his first name is Barney. He may have had something to do with the bill named Dodd/Frank.The change. And I can tell you personally there was no diminution of regulation. 2018 didn't say no regulation or weak regulation. It said you wouldn't regulate a bank at $50 billion in assets the same way you wouldn't regulate a bank at several trillion. But they retain strong power to regulate.
It's a sickness. They can't help it.craig11152 wrote: ↑Sun Mar 19, 2023 9:01 amI am no fan of Trump at all but people need to stop blaming him for everything. Biden has been president for more than 2 years and could undo things Trump did that they deemed unacceptable.
Not trying to destroy Trump. We could get into his tariffs that have caused issues getting certain things done, steel comes to mind as one thing jerked around by those actions. There are others where the tariffs ended up hurting more than helping. There was Afghanistan… that was his timeline and bad negotiation set in motion. His tax cuts blew a hole in the budget. It just goes on… you people with a Trump blow up doll make me ill. Must be an orange fetish or something.Bryce wrote: ↑Sun Mar 19, 2023 8:54 amFrom the "Ultra Right Wing" Politifact:Rate This wrote: ↑Sun Mar 19, 2023 8:21 amBank regulations were loosened on his watch in a modification to Dodd Frank that he signed which contributed directly to the bad loans SVB made that caused its collapse. Too bad. Since you believe all kinds of things that reiterate you have the IQ of an acorn I would advise not digging a deeper hole here.Regulations don't mean squat if no one follows or enforces them."Why did the San Francisco Federal Reserve hold back when everyone knew that Silicon Valley Bank was heavily exposed to the tech industry and its investments were deteriorating?" Baxter said. "The triggers for regulatory action, still in place even after the 2018 partial deregulation, were not followed."
Oh, and another mans opinion...
Who said that? Um some guy named Frank. Think his first name is Barney. He may have had something to do with the bill named Dodd/Frank.The change. And I can tell you personally there was no diminution of regulation. 2018 didn't say no regulation or weak regulation. It said you wouldn't regulate a bank at $50 billion in assets the same way you wouldn't regulate a bank at several trillion. But they retain strong power to regulate.
You destroy Trump at all costs people make me ill.
Except that nobody is gonna do something if the statute of limitations has run out. Once it’s run out there is nothing you can do. Tighten that tinfoil.Ben Zonia wrote: ↑Sun Mar 19, 2023 10:34 amYeah, New York is prosecuting THIS so called White Collar Crime, a misdemeanor at worst, where the Statute Of Limitation has run out, while all the RIOTS AND MURDERS AND STEALING AND ARSON, especially in 2020, which are clearly felonies, are not. The perpetrators are released the same day. People are getting beat up and killed nearly every day, and nothing happens.
Tinfoil again. No, a "tinfoil" hat won't work, because it is not enclosed. But if there is nothing to it, why did Ghislane Maxwell's attorneys tell her to wrap her cell phone in aluminum foil, so it would be harder for authorities to track her using cell phone data? She has the best deep state attorneys in the world, to try to keep information detrimental to powerful people from spreading, and yet, they gave her that advice. And why do they recommend a protective metal shield for driver's licenses, credit cards, etc. to keep people from stealing your data?Rate This wrote: ↑Sun Mar 19, 2023 11:23 amExcept that nobody is gonna do something if the statute of limitations has run out. Once it’s run out there is nothing you can do. Tighten that tinfoil.Ben Zonia wrote: ↑Sun Mar 19, 2023 10:34 amYeah, New York is prosecuting THIS so called White Collar Crime, a misdemeanor at worst, where the Statute Of Limitation has run out, while all the RIOTS AND MURDERS AND STEALING AND ARSON, especially in 2020, which are clearly felonies, are not. The perpetrators are released the same day. People are getting beat up and killed nearly every day, and nothing happens.
Wonderful. I shoot down your baseless claims about banking deregulation and so you come up with some more.Rate This wrote: ↑Sun Mar 19, 2023 10:00 amNot trying to destroy Trump. We could get into his tariffs that have caused issues getting certain things done, steel comes to mind as one thing jerked around by those actions. There are others where the tariffs ended up hurting more than helping. There was Afghanistan… that was his timeline and bad negotiation set in motion. His tax cuts blew a hole in the budget. It just goes on… you people with a Trump blow up doll make me ill. Must be an orange fetish or something.Bryce wrote: ↑Sun Mar 19, 2023 8:54 amFrom the "Ultra Right Wing" Politifact:Rate This wrote: ↑Sun Mar 19, 2023 8:21 amBank regulations were loosened on his watch in a modification to Dodd Frank that he signed which contributed directly to the bad loans SVB made that caused its collapse. Too bad. Since you believe all kinds of things that reiterate you have the IQ of an acorn I would advise not digging a deeper hole here.Regulations don't mean squat if no one follows or enforces them."Why did the San Francisco Federal Reserve hold back when everyone knew that Silicon Valley Bank was heavily exposed to the tech industry and its investments were deteriorating?" Baxter said. "The triggers for regulatory action, still in place even after the 2018 partial deregulation, were not followed."
Oh, and another mans opinion...
Who said that? Um some guy named Frank. Think his first name is Barney. He may have had something to do with the bill named Dodd/Frank.The change. And I can tell you personally there was no diminution of regulation. 2018 didn't say no regulation or weak regulation. It said you wouldn't regulate a bank at $50 billion in assets the same way you wouldn't regulate a bank at several trillion. But they retain strong power to regulate.
You destroy Trump at all costs people make me ill.
Except the claims I’m making aren’t baseless. If you’re gonna trash Biden down one side and down the other don’t pretend the other guy was god either.Bryce wrote: ↑Sun Mar 19, 2023 2:52 pmWonderful. I shoot down your baseless claims about banking deregulation and so you come up with some more.Rate This wrote: ↑Sun Mar 19, 2023 10:00 amNot trying to destroy Trump. We could get into his tariffs that have caused issues getting certain things done, steel comes to mind as one thing jerked around by those actions. There are others where the tariffs ended up hurting more than helping. There was Afghanistan… that was his timeline and bad negotiation set in motion. His tax cuts blew a hole in the budget. It just goes on… you people with a Trump blow up doll make me ill. Must be an orange fetish or something.Bryce wrote: ↑Sun Mar 19, 2023 8:54 amFrom the "Ultra Right Wing" Politifact:Rate This wrote: ↑Sun Mar 19, 2023 8:21 amBank regulations were loosened on his watch in a modification to Dodd Frank that he signed which contributed directly to the bad loans SVB made that caused its collapse. Too bad. Since you believe all kinds of things that reiterate you have the IQ of an acorn I would advise not digging a deeper hole here.Regulations don't mean squat if no one follows or enforces them."Why did the San Francisco Federal Reserve hold back when everyone knew that Silicon Valley Bank was heavily exposed to the tech industry and its investments were deteriorating?" Baxter said. "The triggers for regulatory action, still in place even after the 2018 partial deregulation, were not followed."
Oh, and another mans opinion...
Who said that? Um some guy named Frank. Think his first name is Barney. He may have had something to do with the bill named Dodd/Frank.The change. And I can tell you personally there was no diminution of regulation. 2018 didn't say no regulation or weak regulation. It said you wouldn't regulate a bank at $50 billion in assets the same way you wouldn't regulate a bank at several trillion. But they retain strong power to regulate.
You destroy Trump at all costs people make me ill.
He's a kid who thinks democrats can do nothing wrong. What do you expect?Bryce wrote: ↑Sun Mar 19, 2023 2:52 pmWonderful. I shoot down your baseless claims about banking deregulation and so you come up with some more.Rate This wrote: ↑Sun Mar 19, 2023 10:00 amNot trying to destroy Trump. We could get into his tariffs that have caused issues getting certain things done, steel comes to mind as one thing jerked around by those actions. There are others where the tariffs ended up hurting more than helping. There was Afghanistan… that was his timeline and bad negotiation set in motion. His tax cuts blew a hole in the budget. It just goes on… you people with a Trump blow up doll make me ill. Must be an orange fetish or something.Bryce wrote: ↑Sun Mar 19, 2023 8:54 amFrom the "Ultra Right Wing" Politifact:Rate This wrote: ↑Sun Mar 19, 2023 8:21 amBank regulations were loosened on his watch in a modification to Dodd Frank that he signed which contributed directly to the bad loans SVB made that caused its collapse. Too bad. Since you believe all kinds of things that reiterate you have the IQ of an acorn I would advise not digging a deeper hole here.Regulations don't mean squat if no one follows or enforces them."Why did the San Francisco Federal Reserve hold back when everyone knew that Silicon Valley Bank was heavily exposed to the tech industry and its investments were deteriorating?" Baxter said. "The triggers for regulatory action, still in place even after the 2018 partial deregulation, were not followed."
Oh, and another mans opinion...
Who said that? Um some guy named Frank. Think his first name is Barney. He may have had something to do with the bill named Dodd/Frank.The change. And I can tell you personally there was no diminution of regulation. 2018 didn't say no regulation or weak regulation. It said you wouldn't regulate a bank at $50 billion in assets the same way you wouldn't regulate a bank at several trillion. But they retain strong power to regulate.
You destroy Trump at all costs people make me ill.
Aren’t you 10 years or less older than I am Bud?Matt wrote: ↑Sun Mar 19, 2023 3:22 pmHe's a kid who thinks democrats can do nothing wrong. What do you expect?Bryce wrote: ↑Sun Mar 19, 2023 2:52 pmWonderful. I shoot down your baseless claims about banking deregulation and so you come up with some more.Rate This wrote: ↑Sun Mar 19, 2023 10:00 amNot trying to destroy Trump. We could get into his tariffs that have caused issues getting certain things done, steel comes to mind as one thing jerked around by those actions. There are others where the tariffs ended up hurting more than helping. There was Afghanistan… that was his timeline and bad negotiation set in motion. His tax cuts blew a hole in the budget. It just goes on… you people with a Trump blow up doll make me ill. Must be an orange fetish or something.Bryce wrote: ↑Sun Mar 19, 2023 8:54 amFrom the "Ultra Right Wing" Politifact:Rate This wrote: ↑Sun Mar 19, 2023 8:21 amBank regulations were loosened on his watch in a modification to Dodd Frank that he signed which contributed directly to the bad loans SVB made that caused its collapse. Too bad. Since you believe all kinds of things that reiterate you have the IQ of an acorn I would advise not digging a deeper hole here.Regulations don't mean squat if no one follows or enforces them."Why did the San Francisco Federal Reserve hold back when everyone knew that Silicon Valley Bank was heavily exposed to the tech industry and its investments were deteriorating?" Baxter said. "The triggers for regulatory action, still in place even after the 2018 partial deregulation, were not followed."
Oh, and another mans opinion...
Who said that? Um some guy named Frank. Think his first name is Barney. He may have had something to do with the bill named Dodd/Frank.The change. And I can tell you personally there was no diminution of regulation. 2018 didn't say no regulation or weak regulation. It said you wouldn't regulate a bank at $50 billion in assets the same way you wouldn't regulate a bank at several trillion. But they retain strong power to regulate.
You destroy Trump at all costs people make me ill.
https://www.politifact.com/article/2023 ... -rewritte/The role of the 2018 legal changes
The legislation signed by Trump in 2018 represented a scaling back of the landmark Dodd-Frank Act, which lawmakers passed in 2010 and then-President Barack Obama signed. The 2010 measure was designed to increase financial services regulation in a way that would avoid a repeat of the crisis that tipped the nation into the Great Recession.
The Dodd-Frank bill, passed mostly by congressional Democrats with a smattering of Republican support, overhauled and strengthened the nation’s financial regulatory system, tightening restrictions on speculative or risky investments and instituting "stress" tests on banks to make sure they could survive difficult financial scenarios.
The 2018 revisions of Dodd-Frank, formally known as the Economic Growth, Regulatory Relief and Consumer Protection Act, maintained stringent oversight for the largest banks but eased regulations for smaller and midsized banks. Whereas the original Dodd-Frank law mandated stricter capital and liquidity standards for institutions with $50 billion in assets, the rewrite raised the minimum for such requirements to those with at least $250 billion in assets. The bill passed with the support of all but one Republican and of 33 Democrats in the House and all Republicans and 17 Democrats in the Senate.
Silicon Valley Bank CEO Greg Becker was among those who sought lighter regulations for smaller banks as the rollback bill was being crafted. At the time the bill was passed, Silicon Valley Bank had about $40 billion in assets. That had grown to $212 billion by the time the bank crumbled, but that still would have shielded the bank from many key regulations, including standards for how much capital the bank kept on hand (keeping more capital allows banks to fulfill depositor withdrawals in a crisis) and for liquidity (more liquid holdings enable banks to quickly convert value into cash if needed).
Supporters of the 2018 rewrite "ignored the fact that while a failing or failed bank may not destabilize the entire national banking system, it sure can destabilize a region," Mayra Rodriguez Valladares, a financial consultant, wrote recently in Forbes.
Experts in banking regulation told PolitiFact that the 2018 changes probably did hasten Silicon Valley Bank’s downfall.
"It did indeed reduce regulatory requirements for banks like Silicon Valley Bank," said Hilary Allen, an American University law professor. "While it is impossible to say categorically that legislative rollback equals the bank’s collapse, it does seem that it made it more likely."
Baxter agreed with Allen.
"Relaxing some of the regulation for regional banks sent a signal that they were not a threat to economic stability, which is naive, as we have seen," he said.
But Baxter added that the bank failure cannot be blamed solely on the change in the Dodd-Frank law. He and others said the bank’s heavy reliance on one sector — high-tech startups — was ill-advised and should have been rectified sooner regardless of the changes to the law.
"Why did the San Francisco Federal Reserve hold back when everyone knew that Silicon Valley Bank was heavily exposed to the tech industry and its investments were deteriorating?" Baxter said. "The triggers for regulatory action, still in place even after the 2018 partial deregulation, were not followed."
Another problem, Baxter and others said, was that the bank was caught flat-footed when the Federal Reserve began raising interest rates in response to high inflation starting in mid-2022. The bank had substantial holdings in bonds, which are considered safe but which lost value when interest rates rose. That’s because investors would prefer to buy newer bonds with higher rates, meaning that those stuck holding bonds need to sell them at a discount if they want to generate quick cash.
Silicon Valley Bank was allowed to build up a "massive position" on bonds with "little to no hedging for interest rates," said Aaron Klein, a senior fellow in economic studies at the Brookings Institution, a Washington, D.C., think tank.
At the same time, the bank’s depositors maintained large holdings beyond the basic $250,000 level that is insured by the Federal Deposit Insurance Corp., to a degree that misaligned with more traditional banks, Klein said.
"Silicon Valley Bank is not a ‘Main Street bank’ and never was," Klein said. "Most banks of that size have 1,000 branches, but Silicon Valley had 16. Its assets quadrupled in four years — explosive growth that ought to raise flags."
The emergence of lightspeed online information sharing on social media platforms has heightened the risks for banks and their depositors in a way that regulators have not caught up to, Allen said. Silicon Valley Bank had "a quite insular and ‘very online’ deposit base through which rumors could spread very quickly," making a bank run even faster and more harmful, Allen said.