Sen. Elizabeth Warren is pointing the finger squarely at Congress in the fault-finding over the failure of Silicon Valley Bank, which sent tremors through the financial system.
Ms. Warren, Massachusetts Democrat and a champion of stricter oversight of the financial sector, blamed the chaos on a Trump-era measure that weakened protections of the Dodd-Frank law that was passed to protect consumers in the wake of the 2008 financial collapse.
SVB failed in recent days after a big run on deposits amid a broad tech-sector downturn, and a second institution, Signature Bank, also was shut down.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sen. Josh Hawley warns China’s Xi ‘time is up’ after COVID origins bill clears CongressSen. Josh Hawley warned Chinese President Xi Jinping that the jig is up in a taunting letter this week after Congress passed the Missouri Republican’s bill requiring the U.S. intelligence community to declassify any evidence that a lab leek in China sparked the global COVID-19 pandemic.
Weiterlesen »
Kamala Harris not returning calls to Elizabeth Warren: ReportVice President Kamala Harris reportedly is not returning Sen. Elizabeth Warren's (D-MA) phone calls due to comments the senator made back in January.
Weiterlesen »
Elizabeth Warren's shocking Spirit folly will hurt all air travelersElizabeth Warren's shocking Spirit folly will hurt all air travelers. Democrats embrace antitrust attack on JetBlue merger, return to ‘big is bad’ strategy.
Weiterlesen »
Florida Sen. Scott: Adams an ‘embarrassment’ for migrant college planUS Sen. Rick Scott claims Mayor Eric Adams is an “embarrassment” for floating a $1.2 million plan to send migrants to college on the taxpayers’ dime.
Weiterlesen »
WWE Legend Kane Focused On Being Mayor, Won't Rule Out Running For Gov., Sen.WWE legend Kane -- AKA Glenn Jacobs -- says he's focused on being mayor of Knox County, TN, right now, but won't rule out the possibility of running for governor or U.S. senator in the future.
Weiterlesen »
State Sen. Kimpson leaving South Carolina Senate to join Biden adminState Sen. Marlon Kimpson, a South Carolina lawmaker and early backer of President Joe Biden, is leaving his legislative post two years early to take an appointment in the Biden administration.
Weiterlesen »