Political Quotes

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
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.
Said by
Summer Lee
Democratic · Pennsylvania

Editor's note · Context

Criticism of Silicon Valley Bank's lobbying for deregulation leading to risky practices.

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