Stories >> Finance
Sheila Bair: US regulators are setting a dangerous precedent on Silicon Valley Bank
The FDIC seems to think the banking system is more fragile than it really is. Preventing “systemic risk”was repeatedly used as a rationale for bailing out Wall Street during the 2008 financial crisis. The 2010 Dodd-Frank Act was supposed to have fixed all of that by strengthening regulation and banning government bailouts. Yet, banking
Click to Link
Posted: March 14, 2023 Tuesday 09:03 AM