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Originally Posted by punch it in
Lol. Nobody said SVB isn’t to blame, but it isn’t that black and white.
Trumps deregulation is directly tied to this fiasco. You should read the rest of his tweets not just the one that seemingly ties into your Trump isn’t responsible for anything bad that happen narrative.
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Nope, Trump had nothing to do with this.Too much spending >Inflation > this administration refusal to address inflation > sharp rate hikes and this bank’s incompetence.
Signature failure was its incompetence and crypto leverage…different than SVB but interest rate induced.
Other regional banks stock down due to panicking, deposit transfer and maybe some exposure to SVB.
If this was regulatory induced, other peers would be in the same positions as SVB, but they are not. You can’t say Trump regulations only affected SVB…come on