There are two sets of rules. One for them. One for us. And as George Carlin used to say, it’s a big club, and you ain’t in it. But if you have enough money and I guess you can pretty much buy anything that you want and then everybody else will just have to deal with the consequences, don’t we? So we’ve now had five key banks fail.Who is going to be the next one.

CHAPTERS:

0:00 Intro
1:31 SVB Lobbied Congress
4:27 US Banks Ramp Up Lobbying
5:55 Steering Examiners Away
8:18 Important Bank Lobbying
13:00 Fed Seeks Stronger Bank Rules
14:44 Wrap Up

SLIDES FROM VIDEO:

SOURCES:

https://www.usatoday.com/story/news/politics/2023/04/13/svb-lobbying-bank-regulations/11555491002/

https://www.bloomberg.com/news/articles/2023-04-21/as-svb-signature-collapsed-banks-increased-lobbying-by-almost-20?sref=rWFqAg1Y

https://www.bloomberg.com/news/articles/2023-04-27/fed-bosses-steered-examiners-away-from-probing-problems-like-svb?sref=rWFqAg1Y

https://www.bloomberg.com/news/articles/2023-04-21/as-svb-signature-collapsed-banks-increased-lobbying-by-almost-20?sref=rWFqAg1Y

https://www.bloomberg.com/news/articles/2023-04-28/fed-seeks-sweeping-changes-to-bank-rules-in-aftermath-of-svb?sref=rWFqAg1Y