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
In response to Tristan Snell.
Where does The Fed Reserve fall into play here? They won’t stop raising interest rates… so who’s to blame for bank failures???
09:12 PM - Mar 13, 2023
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Max Prophet
A
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)
In response to Artemis1 NIN.
12:20 AM - Mar 14, 2023
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