Birdwatch Note Rating
2023-03-20 16:34:04 UTC - HELPFUL
Rated by Participant: 4AFC54ADF4DB3DFBB806CF76DDE43873B74CA9AF94586567E18FF6428B847BB3
Participant Details
Original Note:
The Federal Reserve still had the optional power to regulate SVB under the heightened prudential standards that banks with assets greater than $250B presumptively are required to follow, so they already had the power necessary to head this off, and nonetheless failed to do so. https://www.banking.senate.gov/imo/media/doc/No,%20the%20Senate%20reg%20relief%20bill%20isn't%20Destroying%20Dodd-Frank.pdf
All Note Details