Birdwatch Note Rating
2023-03-20 21:35:40 UTC - SOMEWHAT_HELPFUL
Rated by Participant: FCC71AD83E46A7DC2B2AFF82223765DF3C354480E0AD5F4F50A2C8E37F5C5AA7
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