Biden has presided over three of four worst bank failures in US history

All I'm hearing is you making excuses to justify his behavior.

 

I don't think trying to reach across the aisle is making an excuse.

I think this case highlights that Biden will be criticized by the extremist right now matter what.

 

I don't think demonizing Republicans on a regular basis is "reaching across the aisle".

Ultra maga....maga extremist..... What other choice terms does he regularly use for anyone that didn't vote for him?

 

Republicans got the deregulations they have always wanted. What exactly is the issue?

 

Biden had full control for 2 years so what is his excuse?

Did he somehow have less authority than Trump during that time?

 

This is not about trump.

 

Are you denying that they exist and dictate to Mcarthy?

 

You're right! And either is the post you quoted

 

So many people here still whining about Trump. And Trump hasn't been President in over 800 days. Wake up people.

 

It's called derailing, only the chosen are allowed that luxury on the PF

 

Yes he did. Trump and republicans controlled both houses. Biden has had to deal with 2 rogue party members in sinema and manchin, so never really had the same power.

 

Wrong again as if he his the President who's policies got us and the banks into this mess. And that is not bogus it is a fact.

 

You don't know how gov't works it seems.
He can't make any laws without congress approval.

Don't the bank presidents, CEO, or board of directors have any responsibility?
Free market capitalism in the bank industry is not desired?

 

In defense of Joe The Vegetable Man.

He's shot. He doesn't have a clue what's going on.

 

When was he asking for congresses approval to pass his bank laws.

As for bankers? They just line their own pockets. When they got bailed out in the UK, they just immediately paid out bonuses, basically rewarding poor performance. If I could go back to the 80's when I left school, I wish I went into banking as a career.

 

It is far more glaring that you do not.

 

Biden's Bank Crisis: Banks Are in the Grips of Investor Crisis of Confidence: First Republic Bank’s failure demonstrates why lenders are vulnerable to a loss of faith.

 

Just a small amount of real systematic thoughtful processing that shows the real reason behind the Silicon Bank debacle.
Anyone who doubted how detrimental Trump administration policies would be should analyze the damage unfolding for those trampled by Silicon Valley Bank’s collapse. On May 24, 2018, Trump signed into law the Economic Growth, Regulatory Relief and Consumer Protection Act (the “Reform Act”). This was a regulatory relief bill for regional and community bill, which bank lobbyists and numerous politicians had fought hard for.



The argument at the time was that many of the provisions in the Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) were “one size fits all.” Despite any proof, those lobbying for the EGRRCPA argued that capital, liquidity, and stress requirements for regional and community banks would be detrimental to the economy. In a number of Forbes columns, I argued that the weakening of bank regulations under Trump would be the seeds for the next financial crisis.


Thanks to Trump and his supporters this all changed. Some of the key changes that EGRRCPA made were:

• Increasing the asset threshold for “systemically important financial institutions” or, “SIFIs,” from $50 billion to $250 billion.
• Immediately exempting bank holding companies with less than $100 billion in assets from enhanced prudential standards imposed on SIFIs under Section 165 of the Dodd-Frank Act (including but not limited to resolution planning and enhanced liquidity and risk management requirements).
• Exempting bank holding companies with between $100 billion and $250 billion in assets from the enhanced prudential standards.
• Limiting stress testing conducted by the Federal Reserve to banks and bank holding companies with $100 billion or more in assets.

Read more real thoughtful intelligent analysis at.
https://www.forbes.com/sites/mayrar...-silicon-valley-banks-demise/?sh=79a253073432

 

Congress bares no responsibility?
When did congress put forth banking laws?

At least we agree that free market capitalism isn't a recipe for success.

 

So let me get this straight in what you say. Biden can't make the laws on the banks, congress needs to pass them. But congress bares no responsibility and when did Congress put forth banking laws.

Can you do me a favour please, can you work out which story you want to tell me. Can the president implement banking laws, or do Congress pass the laws that either the president or janitor suggests?

Moving onto capitalism, under capitalism you reap what you sow, you keep what you earned in relation to your efforts. If someone is not successful, they either didn't work, or they had bad luck. With bad luck, you pick yourself up and try twice as hard, because capitalism rewards you for making an effort. Under socialism, you hold your cap out, where's the incentive to work if most of it is taken off you because you don't own the outcome of your efforts.

Under capitalism, you earned £1.20 and buy a Mr. Whippy ice cream off me, you enjoy and eat it. Under socialism, you give me the £1.20 and I take an enormous bite out of the ice cream and leave you what's left.

 

Biden can't make laws, he only signs laws congress gives him. He can propose them.

I was asking you, if Congress bears any blame for not enacting laws. As they only become laws when Congress passes them and Biden(president) signs them.

Anyone can suggest laws. I don't want to tell you any stories. Only accurate info.

I said nothing about socialism.
Enacting laws to curb banks from going bankrupt is not socialism.
It's protecting consumers.

 

What behavior?

Biden doesn't have much control of any kind over the factors that cause banks to fail.

So, this whole idea of blaming the president for BANK BEHAVIOR is ridiculous.

 

Silly folks. Think a president controls the banks.

 

If there is destruction, it is done by the low intellect and uneducated that adore tucker.