Discover and read the best of Twitter Threads about #SVBAct
Most recents (1)
First Republic Bank was taken over by @FDICgov and sold overnight—the third bank failure in two months. I’ll dive deeper into what Congress can do, but first let me say this: Americans' money in the banking system remains safe and deposits up to $250,000 are fully insured. 🧵🔽
These recent bank failures were avoidable.
The Fed’s report on #SiliconValleyBank's collapse pointed to bank mismanagement and the 2018 rollback of financial safeguards, among other issues.
I wrote two bills to prevent this from happening again. (2/5)
The Fed’s report on #SiliconValleyBank's collapse pointed to bank mismanagement and the 2018 rollback of financial safeguards, among other issues.
I wrote two bills to prevent this from happening again. (2/5)
In 2018, Congress overturned banking regulations put in place after the 2008 financial crisis. I called it out at the time for exactly what it was—catering to Wall Street. I’ve introduced the #SVBAct to restore these critical protections. (3/5)
