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Originally Posted by mostpost
I am far from an expert on banking regulations. If you know squat plus very little.
This is what I do know. Trump changed the threshold for which banks could be regulated from banks with assets over $50B to banks with over $250B. This meant many very large banks were no longer subject to regulation.
Nobody is saying deregulation is the only problem. Bad decisions by SVB is certainly a major factor. But proper regulations may have caught those bad decisions before they caused such damage.
Please explain what you mean by Newsom violating protocol, then I can respond. If you’re referring to Newsom encouraging the Biden Administration to act to protect the citizens of his state, don’t bother.
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What are the specific regulations, please explain. Newsome lobbied on behalf of a bank that he had an interest in, that is a no no.
