Blurryeyed wrote:
Right and that had little to do with the regulation and a lot to do with the inflation caused by the federal government's excessive spending and money printing. As the FED started to raise interest rates to combat the "T***sitory Inflation" as the Biden Administration called it the bonds that the bank was heavily invested in had to be sold at a discount as depositors began withdrawing monies from the bank. There was a liquidity crisis directly caused by 15 years of printing and zero % interest rates and when that bubble finally burst that bank was in a bad position because as interest rates rose their assets, the bonds in which they were heavily invested, depreciated in value. It had nothing to do with Trump other than he too contributed to print and spend, even Barney Frank says deregulation was not the problem. The lessoning of regulations that occurred under the Trump administration were bipartisan and were done because they were too heavy of a burden on the smaller regional banks that are very important to many smaller communities.
Like I said, the claim is Bu!!sh!t..
Right and that had little to do with the regulatio... (
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You can claim all you want, but you're still wrong according to bank auditors, CFOs, Financial advisors, etc. and they know hetter than you.