Mar 14, 2023 | Politics

Congress Needs to Roll Back Trump’s ‘Bank Regulation Reliefs’

Congress Needs to Roll Back Trump's 'Bank Regulation Reliefs'

Senator Elizabeth Warren (D-MA) Monday on MSNBC’s “The Rachel Maddow Show” claimed it was former President Donald Trump’s “bank regulation reliefs” that needed to be rolled back to protect against more banks collapsing like Silicon Valley Bank last week.

Warren said, “The way to understand this crisis is that it has three players. The first is Congress and President Trump, who says, let’s weaken the regulation, which hit really hard. The second part is the regulators themselves and, in particular, the Fed and Jerome Powell, the chairman of the Federal Reserve Bank, who took that change in the laws and he ran with it. In fact, he ran further than a lot of people even though the law let him. In tailoring the oversight of those banks in order to make it as weak as possible.”

She continued, “Part three, which is those executives, those bank CEOs who lobbied hard…

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