SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
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Re: SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
#2Sure SVB used lobbyists but that's not the crux of the issue. The issue is our governments tax and spend policies are driving up rates to an unsustainable amount. SVB is totally at fault, don't get me wrong, but this is the house of cards we have built.
Re: SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
#3Weaken regulations, trains and banks crash, but hey small government, slash the red tape.
Re: SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
#4Which groups are working to reduce the impact of $ on laws?
One I've seen is https://represent.us, who else?
Re: SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
#5Ahh, the schadenfreude. I'm rubbing my hands together in glee at the thought of these parasites getting what's coming to them.
Re: SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
#6[deleted]
Re: SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
#7Ahh, the schadenfreude. I'm rubbing my hands together in glee at the thought of these parasites getting what's coming to them.
What’s coming to them, exactly? A new yacht and 12 months off?
Serious question: Is there any chance of any repercussions for the lobbyists, the execs that hired them, or even the people that moved the balance sheet into the previously “Illegal! Danger! Dragons will eat you!” corner of the risk quadrant?
Re: SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
#8Weaken regulations, trains and banks crash, but hey small government, slash the red tape.
In fairness, the train crash had bipartisan support.
Re: SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
#9Sure SVB used lobbyists but that's not the crux of the issue. The issue is our governments tax and spend policies are driving up rates to an unsustainable amount. SVB is totally at fault, don't get me wrong, but this is the house of cards we have built.
What? Low interest rates are literally the government printing money. High interest rates are the opposite of government spending. Also, this is one of the few places where the government can add / remove money to the economy without spending taxpayer dollars.
Re: SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
#10Ahh, the schadenfreude. I'm rubbing my hands together in glee at the thought of these parasites getting what's coming to them.
What’s coming to them, exactly? A new yacht and 12 months off? Serious question: Is there any chance of any repercussions for the lobbyists, the execs that hired them, or even the people that moved the balance sheet into the previously “Illegal! Danger! Dragons will eat you!” corner of the risk quadrant?
Repercussions? That's their jobs!