Silicon Valley bank collapse puts new spotlight on Trump banking law -NBC News.
Including Sen. Elizabeth Warren of Massachusetts and Rep. Katie Porter of California, blame bipartisan legislation signed in 2018 by then-President Donald Trump that eased regulations for all but the largest banks, including institutions like Silicon Valley Bank.
Enter Barney Frank, whose name was on the 2010 banking reform bill, known as Dodd-Frank, that had caused all the problems.
Trump signed off on a 2018 bipartisan deregulation bill that exempted smaller banks with assets below $250 billion from the Dodd-Frank banking regulations that were so onerous that they were killing off smaller banks.
Notice how attractive this narrative is to Joe Biden, on whose watch banks are now starting to blow up.
Trump did it, wasn't Biden, and pay no attention to all that Bidenflation that caused the Fed to hikes rates that caused the bank imbalances that triggered the bank runs.... It's much simpler, actually, to guys like Joe: Trump did it.
There's nothing funny-business about that, despite the leftist bloviating now, and Frank argues that his bank wasn't even insolvent when it was shut down.
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