SVB aggressively and successfully lobbied for loosening of Dodd-Frank. The bank then took advantage of the new lax environment to engage in excessive risk-taking, which did nothing but pad the pockets of greedy execs.
Summer Lee: “SVB aggressively and successfully lobbied for loosening of Dodd-Frank. The bank then took advantage of the new lax…”
On the recordMay 23, 2023
Source
congress.govEditor's note · Context
Criticism of Silicon Valley Bank's lobbying for deregulation leading to risky practices.
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