Funny story about #2, Mark. The regulators were watching until 2018, when SVB and other banks lobbied to send the regulators home, and convinced Republicans (and 50 Democrats) to do it.
Your favorite people warned that it would go badly. It did.
https://theintercept.com/2019/02/08/elizabeth-warren-was-right-new-law-is-already-making-banks-bigger/
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RT @mcuban
2. Where were regulators ? They are supposed to watch and warn. 3. Can't wait to…
https://twitter.com/mcuban/status/1634414623087550464
Yes it is.
I spent weeks of my life covering that legislation, and there's almost never been such a perfect example of a deregulatory policy coming back to bite.
https://theintercept.com/2018/03/02/crapo-instead-of-taking-on-gun-control-democrats-are-teaming-with-republicans-for-a-stealth-attack-on-wall-street-reform/
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RT @zsrozales
@ddayen this is a reference to the deregulation of "stadium banks" right?
https://twitter.com/zsrozales/status/1634562366229692416
