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by kurthr 1195 days ago
Good question.

Who eased the Banking Regulation limits from $50B to $250B, allowing SVB to take Billions during the pandemic and invest them in low interest MBS without hedging them appropriately?

https://www.reuters.com/article/us-usa-trump-dodd-frank/trum...

Is that a friend of Peter Thiel? Someone he's been a vocal political and financial supporter for?

1 comments

Trump signed a bill passed by both houses of Congress; so the "who" is Trump, roughly 51 senators and roughly 213 representatives.

It's not like Thiel called up Trump and they made this happen over lunch.

Wow, so party line vote? Interesting.

SVB lobbying using McCarthy's chief of staff. Hmmm.

Think Thiel might have made a call? Maybe since he had so much money (of his investees) in it? Wasn't he recommending SVB?

Just asking questions.

> Wow, so party line vote? Interesting.

I don't know. I didn't look up the vote. My point was that it wasn't only Trump and instead involved hundreds of others.