The former president's team has also hit back against claims that his deregulation of banking oversight in 2018 contributed to the bank's collapse.
has spoken out on the recent collapse of Silicon Valley Bank , issuing a strongly worded warning in a post to social media.ollapsed on Friday
On Sunday, Trump posted about the collapse of SVB on his social media platform, Truth Social, blaming the situation on the economic policies of President"With what is happening to our economy, and with the proposals being made on the LARGEST AND DUMBEST TAX INCREASE IN THE HISTORY OF THE USA, TIMES FIVE, JOE BIDEN WILL GO DOWN AS THE HERBERT HOOVER OF THE MODRRN [sic] AGE,"."WE WILL HAVE A GREAT DEPRESSION FAR BIGGER AND MORE POWERFUL THAN THAT OF 1929.
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Liberals blame Trump for Silicon Valley Bank collapse citing 2018 bipartisan billLiberals took to social media to place blame on former President Trump after FDIC regulators shut down Silicon Valley Bank on Friday after it lost $2 billion.
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How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
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Trump-Era Deregulation Deemed a Key Culprit in the Failure of Silicon Valley Bank'President Trump and congressional Republicans' decision to roll back Dodd-Frank's 'too big to fail' rules for banks like SVB—reducing both oversight and capital requirements—contributed to a costly collapse,' said Sen. Elizabeth Warren.
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Trump-Era Deregulation Deemed a Key Culprit in Failure of Silicon Valley Bank'President Trump and congressional Republicans' decision to roll back Dodd-Frank's 'too big to fail' rules for banks like SVB—reducing both oversight and capital requirements—contributed to a costly collapse,' said Sen. Elizabeth Warren.
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How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s DemiseEvery couple of years lenders and traders tell me that ‘this time, it will be different.’ Silicon Valley Bank-induced chaos shows that bank deregulation always ends in the same painful way.
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8-year-old Washington girl missing since 2018 found safe in Mexico: FBINEW YORK — An 8-year-old girl from Washington state who had been missing for over four years following a kidnapping by her biological mother was recently found in Mexico, federal authorities said.
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