If regulators knew since 2021 Silicon Valley Bank had problems, why didn't they take appropriate steps to prevent #SVB's collapse? As @BankingGOP Ranking Member, I'll get to the bottom of why our regulators were asleep at the wheel.

Sen. Scott Discusses Regulatory Failure To Prevent The SVB Failure

Ranking Member Tim Scott (R-S.C.) exposes regulatory failure at Senate Banking Committee hearing.

Apr 3, 2023 · 4:02 PM UTC

680
85
40
698
0
Replying to @SenatorTimScott @BankingGOP
Two banks failed at the same time. SVB is the only one gets talked about. The other one was Signature Bank. That's the one that did a lot of business with Trump org and had Ivanka on its board of directors.
1
Replying to @SenatorTimScott @BankingGOP
They should be fired? Ya Think tax payers are happy paying for less then any service? We are fed up!
Replying to @SenatorTimScott @BankingGOP
This is one of the reasons I’m optimistic about your upward mobility 😎👍🏼. Keep up the good work.
Replying to @SenatorTimScott @BankingGOP
Because the same people in charge of our banking system back in the 2000s-- yes, the era of the mortgage collapse due to corruption for which NO ONE served time-- are STILL in charge. I said it back then: it's only a matter of time... And here we are.
Replying to @SenatorTimScott @BankingGOP
How much did Ken griffin pay you to look out for him?
Replying to @SenatorTimScott @BankingGOP
No you won’t.
Replying to @SenatorTimScott @BankingGOP
Talk to Trump
Replying to @SenatorTimScott @BankingGOP
I really hope you're smarter than that. Yikes.
Replying to @SenatorTimScott @BankingGOP
…but, but, but you were aware of these loose regulations, for god sake you are the ranking member on the banking committee! Soooo, you’ve been asleep or just didn’t care?
Load more