Trump’s Rollback of Dodd-Frank Regulations Directly Led to the Silicon Valley Bank Failure ...Middle East

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Trump’s Rollback of Dodd-Frank Regulations Directly Led to the Silicon Valley Bank Failure
Make no mistake: just like train derailments, climate disaster, and most crises in society, barefaced deregulation was the antecedent to the collapse of Silicon Valley Bank.On Friday, the major lender for tech startups was shut down by regulators. The commercial bank, among the 20 largest in the country, was caught in a freefall bank run. Some of it seemed set off after a letter from SVB’s CEO Greg Becker, describing to shareholders a $1.8 billion loss on the sale of U.S. treasuries and mortgage-backed securities; high interest rates backgrounded the letter. Peter Thiel, a massive backer of the likes of J.D. Vance and Blake Masters, had his venture capital firms direct all their portfolio co

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