Sen. Elizabeth Warren says Congress and the Federal Reserve are to blame for bank failures.
Banks across the nation are reassuring their customers that they will not collapse like Silicon Valley Bank and Signature Bank. Senator Elizabeth Warren says Congress and the Federal Reserve are to blame for bank failures.
"Remember after the crash in 2008, we understood that if you don't put pretty strict regulations on these big banks, they'll go out and boost their profits by taking on a lot of risks," Warren told NPR's Leila Fadel early on Tuesday. "Then in 2018, the Republicans under Donald Trump said, no, we need to loosen those regulations," Warren said."And they got some help from the Democrats and ultimately passed a bill that rolled back that kind of protection for banks that were bigger than $50 billion but smaller than $250 billion.
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