Democratic Arizona Congressman Ruben Gallego on Tuesday accused Sen. Kyrsten Sinema — who he hopes to oust from the U.S. Senate next year — of playing a major role in the Silicon Valley Bank collapse by taking campaign contributions from lobbyists that represented the bank and then voting to deregulate it. Politico reports that Sinema (I-Ariz.) was one of numerous members of Congress to take… Source Source / Read More: Lobbyists “Bought Sinema’s Vote” That Resulted in Bank Collapse, Gallego Says
Silicon Valley Bank
Manchin Now Says Bank Deregulation Isn’t Great Despite “Yes” Vote on 2018 Repeal
Sen. Joe Manchin (D-West Virginia) suddenly isn’t so sure whether it’s such a great idea to repeal bank regulations. On Tuesday, Manchin reportedly said that in the wake of the failure of Silicon Valley Bank, he wouldn’t vote again on the sweeping bill that got rid of Dodd-Frank regulations implemented after the Great Recession to prevent major bank failures and corruption — marking a reversal… Source Source / Read More: Manchin Now Says Bank Deregulation Isn’t Great Despite “Yes” Vote on 2018 Repeal