President Biden Requires Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses

“We have to rep the fleshy accounting of what came about and why those responsible could possibly perhaps furthermore furthermore be held to blame,” Biden said. “In my administration, no one – no one is above the law. And at final, we must always decrease the menace of this happening again. During the Obama-Biden administration, we build in living tricky necessities on banks, love Silicon Valley Bank and Signature Bank, including the Dodd-Frank law to be particular the crisis we seen in 2008 would no longer happen again.”