Liberals 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.
Ben Levisohn, Carleton English and Jack Hough discuss the markets following Federal Reserve Chairman Powell's testimony before Congress, the collapse of Silicon Valley Bank, the impact on the banking industry and railroad safety spending data.
Reich was joined by other liberals on Twitter attempting to place the blame on Trump for signing a bipartisan bill in 2018 that"It seems likely that this could have been avoided if it weren't for the roll-backs by the Trump administration," journalist Ed Krassenstein tweeted. "Donald Trump slashed rail regulations and a toxic train derailed," blogger Jeff Tiedrich posted on Twitter. "Donald Trump slashed banking regulations and a major bank failed. if only we could find some common thread linking these events."
"Good time to reup this from 2018," attorney Ron Filipkowski tweeted along with an article about the 2018 bill.
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