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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (10560)	3/12/2023 6:32:41 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 13775

It is unfortunate that Trump repealed Dodd-Frank bank regulations. Ronald Reagan's 1982 Garn-St. Germain Savings and Loan deregulation was quickly able to systematically destroy the Saving and Loan industry in only seven years by 1989. So it's hardly surprising we're beginning to see the fallout from Trump's bank deregulation, even though Alan Greenspan expressed surprise that post-9/11 bank deregulation led to collapse so quickly. In spite of this repeal, the Fed still insisted upon maintaining Liquidity Coverage Ratio (LCR) testing for "systemically important banks", for which Silicon Valley Bank was too small to require testing. It would be valuable to bring back the application of these regulations which Trump called "too onerous" to all banks, not just systemically important banks. A stable banking system is an artifact of strong regulation. Remove the regulation and the result is predictable.