Democrats Who Pushed for Financial Deregulation Seem to Have No Regrets After Silicon Valley Bank ...Middle East

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Democrats Who Pushed for Financial Deregulation Seem to Have No Regrets After Silicon Valley Bank
source : The New Republic ( Middle East ) () 43
Silicon Valley Bank collapsed last week after a massive bank run, spurred in large part by billionaire investor and GOP donor Peter Thiel. Such a collapse could have perhaps been avoided had the massive bank been subject to higher regulation and scrutiny. But not according to the Democratic senators who helped deregulate the financial industry.The Democratic lawmakers who voted alongside Republicans in 2018 to roll back key Dodd-Frank regulations, ones that would have subjected SVB to greater regulations, seem to have no regrets for having done so.In total, 16 Democratic senators joined all 50 Republicans five years ago in rolling back the regulations. Thirteen of those Democrats are still s

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