Here is #Wesleyan alum and genius #LaelBrainard saying it was a bad idea to end the regulation that prevented #VC bank #SVB from going under. But #Trump ended it. So it went under when #Thiel shorted it and caused a run. #VCs #yuck Please regulate banks better. Also stop stock buybacks etc. Thanks.
https://www.federalreserve.gov/newsevents/pressreleases/brainard-statement-20191010.htm?utm_source=substack&utm_medium=email&s=09
Statement by Governor Lael Brainard
Board of Governors of The Federal Reserve System
Board of Governors of the Federal Reserve System