Trump’s Banking Act paved the way for the collapse of the Silicon Valley bank

The collapse of Silicon Valley and other banks of similar size in recent days has come into the spotlight Congressional Bipartisan Banking Deregulation Act of 2018Signed by then-President Donald Trump.

We will never know what would have happened if the law had not been enacted. But given that Silicon Valley would have been more tightly regulated under the old rules, more regulation may have slowed – or even prevented – the panic that erupted last week as depositors rushed to withdraw their money.

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