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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment
We did with Dodd-Frank after the 2008 housing crisis, signed into law by Obama. Would have stopped over leveraging found at SVB.
Then it was rolled back in 2018, signed by Trump. Wasn't a hard sell to Trump at the time. "Obama did it? Okay, let's undo it!"
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We did with Dodd-Frank after the 2008 housing crisis, signed into law by Obama. Would have stopped over leveraging found at SVB.
Then it was rolled back in 2018, signed by Trump. Wasn't a hard sell to Trump at the time. "Obama did it? Okay, let's undo it!"