Trump and republicans increased the capital treshhold of banks from 50B to 250B ... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

Kyragem on March 11, 2023 | parent | context | favorite | on: There have been 562 bank failures since 2000

Trump and republicans increased the capital treshhold of banks from 50B to 250B where banks must comply with an FDIC stress test as defined by Dodd-frank regulations. A small bank like SVB would have probably been required to hold more capital and wouldn’t have gone bankrupt.

muyuu on March 11, 2023 [–]

or perhaps it wouldn't have been able to survive to that regulation in the first place

it does seem like the current banking system is weird and full of vestigial features, they are so regulated they might as well be publicly owned

Consider applying for YC's Spring batch! Applications are open till Feb 11.
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact