Birdwatch Note Rating
2023-03-20 20:54:14 UTC - NOT_HELPFUL
Rated by Participant: ED10AF9D87EC3C464CE4E82C9BE9AAD2FCC95475D6924F4411832E098790BEF8
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