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by Kyragem
1200 days ago
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Trump and republicans increased the capital treshhold of banks from 50B to 250B where banks must comply with an FDIC stress test as defined by Dodd-frank regulations. A small bank like SVB would have probably been required to hold more capital and wouldn’t have gone bankrupt. |
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it does seem like the current banking system is weird and full of vestigial features, they are so regulated they might as well be publicly owned