09-02-2023, 11:05 PM
(09-02-2023, 12:56 PM)NATI BENGALS Wrote: We had the Dodd Frank act after the 2008 collapse. Regulations were put in place to prevent a future crisis. Trump rolled back some of those regulations that were put in place in 2018 and 5 years later here we are with another bank crisis bubbling… 4 bank failures in 2023.
The great irony is that Barney Frank was on the Board of one of those failed banks...
The banks were done in by interest rates rising too fast too quickly, causing an excessive imbalance between assets & liabilities. I doubt Dodd-Frank then or now would have made any difference.
I don't know all the minutia if Dodd-Frank had an impact to a degree, but inverted yield curves being a real challenge for banks is a long-established and well known reality.
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