'Stay tuned,' writes RalphNader. 'This rollercoaster ride is not over yet.'
. Warren, in particular, specifically opposed the 2018 Congressional lifting of stronger liquidity and capital requirements along with regular stress tests for banks with assets over $50 billion. Trump's law allowed the absence of these safeguards to cover banks with assets up to $250 billion. Such de-regulation covered SVB and Signature.
Of course, the underfunded FDIC doesn't have enough money to make good all the large depositors in these two banks. So, it is increasing the fees charged to all banks for such government insurance. The banks will find ways to pass these surchargers on to their customers. One of the provisions of the Dodd-Frank law was to require federal agencies to rein in bank executives' pay that incentivizes recklessness and even fraud, asnoted.
Meanwhile, the American people remain fearful but silent over the safety of their bank deposits. They heard Treasury Secretary Janet Yellen tell Congress that the banking system"remains sound." Some remember that's what her predecessor said in the spring of 2008 about Fannie Mae and Freddie Mac—the safest investments after Treasury bonds. By the fall, both of these giants had collapsed taking millions of trusting shareholders down with them.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Global central banks open daily dollar taps to help banksThe world's top central banks said on Sunday they would start offering daily loans in dollars to their banks to avert stress in the funding market after the emergency rescue of Swiss giant Credit Suisse Group AG .
Leer más »
Oil edges up on historic Swiss banks deal, central banks supportOil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the world's largest central banks sought to reassure and stabilise global financial markets.
Leer más »
Anti-capitalist teacher promotes anarchy, 'loves' when students have 'no respect for authority'Minnesota science teacher, Mandi Jung praises the idea of having no respect for authority while promoting anti-capitalist perspectives.
Leer más »
SVB collapse: Venture capitalist points to ‘silver lining’ in falloutVenture capitalists and startups are still reeling from the collapse of Silicon Valley Bank, but one investor says the lender's failure will be good for the community in the long run.
Leer más »
Reckless Ferrari 488 Driver Does Donuts In The Middle Of NYC's Fifth Avenue | CarscoopsReckless Ferrari 488 Driver Does Donuts In The Middle Of NYC's Fifth Avenue | Carscoops carscoops
Leer más »
If jurors aren’t convinced Mobile doctor committed reckless murder, they have other optionsThe reckless murder charge against former Mobile neurosurgeon Jonathan Pishoi Nakhla will go to a jury Monday, but it is not the only option jurors have.
Leer más »