You also said SVB gave tens of millions to BLM and quoted tucker which turned out to be fake? When you post garbage propaganda you lose your credibility. Quit posting tucker when 99% of its is all lies.
MAGA= last week they were saying let's cause a bank run by withdrawing all of our money. We can destroy the biden economy ! We'll cause a massive banking collapse Reality...
So based on Yellen's remarks, I guess a lesson we should learn here is that we should bank either with a large or medium sized institution, as those will be flagged at potential systemic risks and therefore will receive extra backing. We should no longer use small, local banks because those won't get any such protections.
actually, the lesson has been that every bank should be subject to Dodd Frank review on a regular basis. the undoing of Trump's Dodd Frank rollback, which exempt non tier-one banks from regular review, goes a long way towards no bank runs
quintessential sleigh-of-hand / intellectual dishonesty while SVB was not subject to Dodd Frank periodic regulatory review, "stress test", all the tier-one banks are. as a result of regulatory stress test, all the tier-one banks are have healthy balance sheets, enough to fend off any threat of bank runs. every one of these tier-one banks have been stronger (as cimpared to SVB) on climate commitment; some of their ESG commitments are detailed below: JPMorgan Chase ESG Report Detailing Efforts to Advance a Sustainable and Inclusive Economy B of A's Environmental, Social and Governance Reports Citi's ESG Reports, Task Force on Climate-Related Financial Disclosures (TCFD) Reports and Annual Citizenship Reports and Supplements.
