Originally published at: Jake Johnson: Trump-Era Deregulation Deemed a Key Culprit in the Failure of Silicon Valley BankJake Johnson: – Progressive Dreamers
Published originally at Common Dreams on March 12, 2023 under Creative Commons CC BY-NC-ND 3.0 license In 2018, ignoring the vocal warnings of experts and advocacy groups, the then-Republican-controlled Congress passed legislation that weakened post-financial crisis regulations for banks with between $50 billion and $250 billion in assets, sparking fears of systemically risky failures and more…