US bank bailout benefited billionaires, exposing corruption: ‘I understand why Americans are angry’
Geopolitical Economy Report
00:00
Corruption and Deregulation in the US Banking Sector
This chapter discusses the corruption and deregulation in the US banking sector, highlighting the repeal of the Dodd-Frank Act and the role of lobbying by medium-sized banks like Silicon Valley Bank. It explores examples of corruption within both the Republican and Democratic parties, exposing a systemic issue within the US political system. The chapter also delves into the factors that led to the collapse of Silicon Valley Bank, including deregulation and investment strategies, emphasizing the need for stronger regulations and risk management.
Transcript
Play full episode
