- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Louisiana bankers see few parallels between Silicon Valley Bank collapse, local market
Posted on 3/14/23 at 11:20 am to Indefatigable
Posted on 3/14/23 at 11:20 am to Indefatigable
quote:
We didn't. The bank did.
nah, America chose to lift the threshold on assets subject to TBTF regulations from 50 billion to 250 billion and set the conditions for a bank run of SBV's size to create panic and spread contagion.
The idea that the better choice would be to double down and frick swaths of businesses and individuals out of millions and that it wouldn't just accelerate a panic is naive.
Stop under-regulating the banking sector and allowing financial firms to get so big their insolvency can threaten the collapse of economies.
And this is bipartisan. It was, in part, Barney Frank, on behalf of Signature Bank, that successfully lobbied the Trump administration to raise the stress test threshold on his own bank(and banks like SVB) that was set up by his own regulation to prevent this very situation from occuring.
Popular
Back to top
Follow TigerDroppings for LSU Football News