Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Republicans Doing Their Best To DEFLECT Blame For Silicon Valley Bank Collapse
Posted
March 17, 2023
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Republicans in the Senate completely deflected any blame for recent bank failures despite passing a law that deregulated the very banks that collapsed. Ana Kasparian discusses on The Young Turks. Watch TYT LIVE on weekdays 68 pm ET.
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"Senate Republicans insist that the bank deregulation bill Donald Trump signed into law five years ago had nothing to do with the bank failures that caught regulators off guard this month.
Instead, Republicans blame the regulators for failing to spot problems on balance sheets at Silicon Valley Bank in California and Signature Bank in New York.
“Where were the regulators?” Sen John Kennedy (R-La.) said on the Senate floor. “This whole debacle could have been avoided if the regulators had just done their job and stepped in and said, ‘Silicon Valley Bank, what you’re doing is dumb, and you can’t do it anymore.’"
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