Banks are failing around the world. Could it happen here?
7am
00:00
The Unwinding of Regulation in the US
After the global financial crisis in 2008, regulations were put in place to prevent something like that from happening again. The head of Silicon Valley Bank had lobbied quite strenuously for the unwinding of these things. In 2018 under Trump, they were significantly diluted. And so if you recall earlier, Silicon Valley Bank's assets most recently were at the end of last year were about $210 billion. So that meant that they escaped or had wriggled out from that scrutiny.
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