Federal regulators took their eyes off the ball, focusing on progressive priorities, like climate change policy, instead of their mission: ensuring that Americans’ banks are safe and stable.

Sen. Scott Addresses The SVB Bank Failure

Senator Tim Scott (R-S.C.) highlights the failure of regulators to focus on sound financial policies.

Apr 3, 2023 · 6:23 PM UTC

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Replying to @SenatorTimScott
Fifteen banks failed during the Trump administration. What were you saying then?
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Replying to @SenatorTimScott
Scott...could this have made the bank failure happen?
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Replying to @SenatorTimScott
Hi the people in America who read know you are lying.
Replying to @SenatorTimScott
I believe it’s still republicans in the fed that raised the rates that caused those collapses was it not?
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Replying to @SenatorTimScott
I thought you hated regulations
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Replying to @SenatorTimScott
Lol, his party lead the charge to ease bank regulations and compliance reviews.
Replying to @SenatorTimScott
You applauded Chrump when he deregulated those banks. So federal regulators COULDN'T do anything.
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Replying to @SenatorTimScott
No you tied regulators hand by limiting their oversight powers when you voted to deregulate. Be a man and own up.
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Replying to @SenatorTimScott
Your party is responsible for that
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Replying to @SenatorTimScott
More Scottlighting. You and your cronies gutted Dodd Frank, which is at the heart of the problem. @ewarren @SenSchumer
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