On the recordMay 4, 2023
SVB, Signature Bank, and First Republic all lobbied Congress to weaken the guardrails, preventing them from making risky bets with depositors' money.
Source
congress.govSVB, Signature Bank, and First Republic all lobbied Congress to weaken the guardrails, preventing them from making risky bets with depositors' money.
Warren accuses banks of lobbying Congress to weaken regulations that protect depositors.
Share
More from Elizabeth Warren
At a moment that calls for independent, transparent, and enforceable safeguards, the American people have been left with an entirely voluntary, industry-designed oversight process.
It's supposed to be out there regulating the market, but it doesn't appear to be doing it and frankly, doesn't appear to have the people to do it.
That means families are paying $3,772 more thanks to inflation under Trump.
Inflation data came in, and Donald Trump’s failed economic agenda has raised prices for Americans by 5.9%.