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Sign if you agree: We need tougher bank regulations

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dailykos.com

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campaigns@dailykos.com

Sent On

Fri, Mar 17, 2023 10:00 PM

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Friend, Silicon Valley Bank has collapsed. But the bank's collapse could have been avoided if key pa

Friend, [sign the petition: No more Silicon Valleys. We need tough bank regulations.]( [SIGN THE PETITION]( Silicon Valley Bank has collapsed. But the bank's collapse could have been avoided if key parts of the Dodd-Frank law, which protected consumers, had not been rolled back in 2018 by Donald Trump and the Republican Congress under pressure from the banking industry. [Sign the petition: No more Silicon Valleys. We need tough bank regulations.]( [SIGN THE PETITION]( This deregulation in 2018 made it easier for banks to take risks, potentially putting consumers and American families in danger. If the stronger liquidity and capital requirements had remained in place, the collapse could have been predicted and prevented, and consumers' assets would have been safeguarded. Instead, Silicon Valley Bank executives awarded themselves large bonuses just before federal regulators took over the failing institution. They did this because they believed they could get away with it in the current financial regulatory environment. To prevent this from happening again, Congress should repeal the 2018 Trump law and reform deposit insurance to shield everyday consumers from the consequences of reckless bank behavior. [Sign the petition: No more Silicon Valleys. We need tough bank regulations.]( [SIGN THE PETITION]( Thank you for fighting with us, Mayra Souza, Daily Kos Daily Kos Relies on Readers Like You We don't have billionaire backers like some right-wing media outlets. Half our revenue comes from readers like you, meaning we literally couldn't do this work without you. Can you chip in $5 right now to help Daily Kos keep fighting? [Chip in $5]( If you wish to donate by mail instead, please send a check to Daily Kos, PO Box 70036, Oakland, CA, 94612. Contributions to Daily Kos are not tax deductible. Sent via [ActionNetwork.org](. To update your email address, change your name or address, or to stop receiving emails from Daily Kos, please [click here](.

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