Tristan Snell
A
1776-1933 - major bank crisis every 10 years

1930s - FDR bank rules enacted

1930s-1980s - no major crisis

1980s - rules rolled back

1980s-2010 - major crisis every 10 years

2010 - Dodd-Frank rules enacted

2010-2018 - no major crisis

2018 - rules rolled back

2023 - crisis?
06:49 PM - Mar 13, 2023
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Artemis1 NIN
A
Where does The Fed Reserve fall into play here? They won’t stop raising interest rates… so who’s to blame for bank failures???
In response to Tristan Snell.
09:12 PM - Mar 13, 2023
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Rose Shasteen
A
In response to Artemis1 NIN.
Your bank deposits are safe as long as you have $250,000 or less. The bank can fail, but your money is insured.
08:50 AM - Mar 27, 2023
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Artemis1 NIN
A
In response to Rose Shasteen.
That doesn’t help people who are worth millions…
08:56 AM - Mar 27, 2023
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Max Prophet
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In response to Artemis1 NIN.
The banks are responsible for their failures. SVB lobbied Congress against banking regulations that would've prevented this from happening. With the help of Democrats the Republicans were able to pass the law that enabled Trump to roll back Dodd-Frank (only needed B/c Clinton ended Glass-Steagall)
12:20 AM - Mar 14, 2023
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