Dem Rep. Gottheimer on SVB: Regulation Rollback Was Not a Mistake

[[BOLDUAN So even if ░░░░░░░░ was not the driving ░░░░░░░░ behind the bank s ░░░░░░░░ do you think now ░░░░░░░░ voting for that bill ░░░░░░░░ 2018 was a mistake ░░░░░░░░ No because in that ░░░░░░░░ a couple of things ░░░░░░░░ it allowed the Fed ░░░░░░░░ you have more than ░░░░░░░░ billion of assets to ░░░░░░░░ do an annual stress ░░░░░░░░ For some reason the ░░░░░░░░ didn t do that ░░░░░░░░ were doing it every ░░░░░░░░ year so I want ░░░░░░░░ understand why And the ░░░░░░░░ thing is part of ░░░░░░░░ importance of that legislation ░░░░░░░░ ensuring that community banks ░░░░░░░░ be strong so when ░░░░░░░░ Frank was passed it ░░░░░░░░ had all the same ░░░░░░░░ for the biggest banks ░░░░░░░░ Chases of the world ░░░░░░░░ also your community banks ░░░░░░░░ what was happening was ░░░░░░░░ the community banks were ░░░░░░░░ out they were consolidating ░░░░░░░░ selling to the big ░░░░░░░░ and it was going ░░░░░░░░ the opposite effect of ░░░░░░░░ we were trying to ░░░░░░░░ which was getting away ░░░░░░░░ a few banks that ░░░░░░░░ too big to fail.