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@AOC ("Alexandria Ocasio-Cortez") wrote:
The regulators were there until SVB lobbied Congress to remove the guardrails that prevent this kind of crisis in the first place.
Warnings were everywhere. SVB, like many gamblers before them, knew what they were doing. Let the FDIC open the books & see what it’s working with.
with quote tweet:
@mcuban ("Mark Cuban") replied to a tweet by @mcuban:
2. Where were regulators ? They are supposed to watch and warn. 3. Can't wait to see how many people yanked their money, told others to, and shorted the stock. 4. Will the number of emps that aren't paid this week lead to a multiple of that number not being paid in 2 weeks ?