The Biden administration are the suckers for allowing their inept management teams to get away scot free. For example, why are the executives there not banned for life from working at other banks?
So according to this article the Congress must allow the FDIC to enforce stricter policies when it comes to bank executives. And if so, Biden can not be blamed for what happened with these banks.
You do realize that the Dodd-Frank act put a limit in place so that any banks with more than $50B in asserts would be subject to additional oversight and rules. But that limit was raised to $250B by the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act, signed into law by President Donald Trump. There has been speculation that if the threshold was still at the lower level, Silicon Valley Bank might have avoided being shut down.
People have become such partisans that our jury system is in longer fair and balanced. Now it is no longer about facts and the law it is about whatever team you support winning.
Incompetence and greed, notice not even the bonuses paid out last minute were NOT required to be returned either with SVB…and profits for insider stock option trades too…