Robert Maguire
“Some banking experts…pointed out that…Silicon Valley Bank might have managed its interest rate risks better had parts of the Dodd-Frank financial-regulatory package, put in place after the 2008 crisis, not been rolled back under President Trump.” https://www.nytimes.com/2023/03/10/business/silicon-valley-bank-stock.html
Silicon Valley Bank Fails After Run on Deposits

The Federal Deposit Insurance Corporation took control of the bank’s assets on Friday. The failure raised concerns that other banks could face problems, too.

The New York Times
Mar 11, 2023 at 2:04pmWeb
Show threadsandywb14Mar 11, 2023
@RobertMaguire imagine that.
Show threadavnyc on hudsonMar 11, 2023
@RobertMaguire it’s often compelling to just toss Trump’s name into negative news, but in reality the bill that eased regulations for banks the size of SVB passed the Senate by a wide 67-31 bipartisan majority as well as in the House, so there’s plenty of blame to go around
Show threadZacMar 11, 2023
@RobertMaguire @briankrebs Wasn’t the head of the bank on the Federal Reserve Board? If so why was his bank buying bonds at low rates if he should have known the Fed was going to raise them?