Economist Dean Baker did not mince words as he explained the reason for the collapse of #SiliconValleyBank. Trump’s lax #regulations were the culprits.
Many banks are unsustainable frauds. Here is how we fix it once and for all.
Our banking system depends on a class of primarily men who, like children, cannot leave the cookie jar. They are frauds.
Stop the false narrative. It was necessary, but it is a bailout.
Let’s get something straight. It was a bailout. We, the American people, bailed out a lot of rich investors who had deposits in Silicon Valley Bank.
Katie Porter slams politicians who relaxed regulations that caused the Silicon Valley Bank collapse.
Katie Porter was visibly upset by the ignored warnings both she and Senator Elizabeth Warren gave during Trump and Republicans relaxing banking regulations.
Elizabeth Warren blames the Silicon Valley Bank crash on a superb failure of politicians and …
Senator Elizabeth Warren all but said I told you so as she itemized and blamed Silicon Valley Bank’s failure on bribed politicians, lousy regulators, and greedy executives.
Stop the false narrative. It was necessary, but it is a bailout. Is Big pharma getting scared?
Stop the false narrative from protecting a financial sector that produces nothing as it enriches itself with faux products. It was a bailout. Big Pharma is playing a PR game with insulin. Don’t go for it.
Shouldn’t the Silicon Valley Bank transaction be called a bailout?
Accounts at Silicon Valley Bank over $250,000 will be made whole. That is a bailout since the FDIC only insured them for $250,000.