Robert ReichMar 14, 2023

The Trump-era rollback of banking regulations was a big mistake.

The proof? Silicon Valley Bank's implosion.

The least Congress can do now is help prevent this type of meltdown from happening again by restoring Dodd-Frank regulations for all banks — regardless of their size.

Show threadRobert ReichMar 14, 2023

Trump and a Republican-dominated Congress deregulated banks like Silicon Valley Bank, but they had help from corporate Democrats. Get money out of politics, now.

https://prospect.org/economy/2023-03-13-silicon-valley-bank-bailout-deregulation/

The Silicon Valley Bank Bailout Didn’t Need to Happen

The debate over protecting all deposits in a blink looks past the incompetence that got us here.

The American Prospect
Show threadCT133
@rbreich Citizen United ruled that Corporations, as associations of individuals, have free speech rights under the First Amendment. Then why can’t we tax them based on world wide income like regular individuals?
Mar 14, 2023 at 3:17pmWeb