#BernieSanders told you so:

In 2018 (during DJTs administration), Bernie Sanders warned that loosening bank regulations would risk a big failure. The _Republican_ CBO **agreed** but 50 GOP senators and 17 Dems ignored them.

Bernie also predicted that the same banks that spent $$$ lobbying for the de-regulation would come begging for a bailout when it happened. He was right again.

#Bankingfailures #SVBBankrun

https://youtu.be/jS9leYkL3jc

Yahooist Teil der Yahoo Markenfamilie

Silicon Valley Bank’s Failure Threatens California Winemakers

Hundreds of wineries deposited cash with SVB, which served as a crucial lender to vineyards

The Wall Street Journal
Banks fought to fend off tougher regulation. Then the meltdown came.

Bank lobbyists believe the Fed may now be encouraged to press ahead with tougher rules that it was just beginning to discuss before SVB's meltdown.

POLITICO