Yellen rules out bailout for Silicon Valley Bank March 12...Oops!

@Northwest The Dodd Frank act added hundreds of thousands of pages of regulations, and an army of hundreds of regulators. The Fed enacts "stress tests" in case regular regulation fails. How can this massive architecture fail to spot such an obvious situation with long duration bonds at near zero interest rates and a massive run-prone deposit base?

When the government fails, the left wing solution is always... more government! Notice the pattern here?


Keep in mind that inflation is a tax. In that regard taxes are way up. But this is a regressive tax, hurting the poor and middle class the most. I don't hear any mention of that aspect from the left.

Oh, and by the way, Biden just proposed literal tax increases.

"Biden pitches $5.5T in tax hikes, fed worker pay raise in budget proposal..."

https://nypost.com/2023/03/09/biden-pitches-trillions-in-tax-hikes-in-budget-proposal/

@irishmolly72 “Dodd-Frank is a disaster. We’re going to be doing a big number on Dodd-Frank,” Trump said on Jan. 30, 2017, as he signed an executive order requiring that agencies eliminate two regulations for each new one they wanted to implement.

@irishmolly72
Not what my comment was about. Let me repost it, to make sure it's fresh in your memory, when you try to deflect, I mean respond:


BTW, a simple memory refresher, Trump signed a law in 2019 (more like bragged about it), gutting the Dodd-Franck act.


Another deflection.