President Biden Requires Stronger Financial institution Rules in Wake of SVB, Signature Financial institution Collapses

by Jeremy

“We should get the complete accounting of what occurred and why these accountable may be held accountable,” Biden mentioned. “In my administration, nobody – nobody is above the regulation. And at last, we should scale back the danger of this occurring once more. Throughout the Obama-Biden administration, we put in place powerful necessities on banks, like Silicon Valley Financial institution and Signature Financial institution, together with the Dodd-Frank regulation to ensure that the disaster we noticed in 2008 wouldn’t occur once more.”

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