Deregulation Killed Silicon Valley Bank

Let’s be clear. The failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by Donald Trump that I strongly opposed. Five years ago, the Republican Director of the Congressional Budget Office released a report finding that this legislation would ‘increase the likelihood that a large financial firm More

The post Deregulation Killed Silicon Valley Bank appeared first on CounterPunch.org.

This post was originally published on CounterPunch.org.