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
It was trump that caused the bank failures when he weakened Dodd/ Frank.
Replying to @SenatorTimScott
The @GOP took millions from SBV and other regional banks to gut Dodd-Frank and regulatory Agencies. Now they blame them for what them wrought. Typical Republicans behavior. De-regulate. Then blame regulatory agencies and Democrats. But #MAGA2024 loves it
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Replying to @SenatorTimScott
You act like saving the planet is a "progressive" priority ROFLMAOOOOOOO
Replying to @SenatorTimScott
Tim, you are lying again.
Replying to @SenatorTimScott
How can he say this when the UN recently released an absolutely dire report on Climate Change.
Replying to @SenatorTimScott
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Replying to @SenatorTimScott
You do realize that climate change and water shortages are causing huge disruptions and costs as we speak - ask the folks on west coast about Saudi purchase of water rights when lake beds dry, ask Central Americans who can’t farm due to drought - ask folks on MS river
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Replying to @SenatorTimScott
Tim Scott is a corrupt liar.
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Replying to @SenatorTimScott
Your constituents are suffering with skyrocketing insurance premiums due to the climate crisis. We are paying an extra $5000.00 this year for a small condo. The FDIC is protecting my money in the bank. We need more insurers to cover our properties.
Replying to @SenatorTimScott
Remember when you voted to strip the banking regulation that could have stopped this? We do lying Scott! newsweek.com/svb-collapse-fu…

Full list of lawmakers who voted to weaken banking regulation

There has been renewed focus on a bill rolling back financial regulations signed into law by Donald Trump in 2018 after its approval by bipartisan majorities.

newsweek.com
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