I talked to Katie about S.2155 (The Crapo bill) *before she got elected* and she recognized the issue: https://theintercept.com/2018/03/02/crapo-instead-of-taking-on-gun-control-democrats-are-teaming-with-republicans-for-a-stealth-attack-on-wall-street-reform/
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RT @RepKatiePorter
The collapse of Silicon Valley Bank was totally avoidable.

In 2018, Wall Street pushed a deregulation bill that allowed banks like SVB to take reckles…
https://twitter.com/RepKatiePorter/status/1634626484810702848

RT @mtkonczal
If you want to get a sense of what the fight looked like in real-time in 2018, against the deregulation bill (2155) people are linking to SVB,

Here I was in the Times, making what was the overall case against it. Rereading it today, yup.

https://www.nytimes.com/2018/03/06/opinion/democrats-trump-dodd-frank.html https://twitter.com/joshtpm/status/1634330899171901440

RT @kaylatausche
Immersive retail company CAMP sends this letter to customers, offering 40% off to help build its asset base in a new account at Chase.

“You can use the code BANKRUN at checkout”

$SIVB

The important point here is the startup CEOs and VCs who engineered the bank run are the same ones who are asking to be made whole at 100%, even for deposits above FDIC insurance.
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RT @tracyalloway
I want to pause here and dwell on how weird the run dynamic was. Venture capital shot itself in the foot by pulling their money & broadcasting it (bizarrely?) loudly. There will likely be start-ups who can't make payroll next week

VCs s…
https://twitter.com/tracyalloway/status/1634291668772855810