https://www.alternet.org/biden-executives-failed-banks-penalties/ #BankingDeregulation The president said in a statement that the White House's authority to hold #SVB executives directly responsible for the failure is limited, but said Congress can and should pass legislation granting the Federal Deposit Insurance Corporation (FDIC) broader powers to take action against former SVB CEO Greg Becker and other executives. "I'm firmly committed to accountability for those responsible for this mess," said Biden. #FDIC

https://www.theatlantic.com/ideas/archive/2023/03/svb-collapse-fed-regulation-financial-system-safety/673401/.

#SVB #corporatesocialism #corporatesocialresponsibility #taxes #government #taxpayersmoney #BankingDeregulation #KatiePorter #Elizabethwarrendecentralizedfinance #berniesanders #trump #MnuchinCorruption #bitcoin

There Are Worse Things Than Mild Inflation
A shaky banking system, for one. A failure to comprehend how the #ClimateCrisis raises prices, for another. Will the Fed continue to compound the damage?
https://prospect.org/economy/2023-03-14-worse-things-than-inflation/ #Inflation #ClimateChange #BankingDeregulation

https://www.huffpost.com/entry/silicon-valley-bank-washington-bailout_n_640e3980e4b08e08735a8043 Can The Chaos From Silicon Valley Bank's Fall Be Contained?

Lawmakers are trying to decide whether the federal government should bail out a failed reckless bank that mostly served the wealthy and powerful. #CorporateGreed #SVB #BankingDeregulation