biggest maybe truisms he s eve spoken thank you, my friend. and thanks to you at home fo being here it came as a shock, near the end of the january six committee s sixth hearing last summer when vice chair, liz cheney, dropped a bombshell. the prospect of witnes tampering in the investigation first, here is how on witness described phone call from people interested in that witnesses testimony. quote, what they said to me is as long as i continue to be team player that they know i m on the right team. i m doing the right thing, i m protecting who i need to protect. you know all continue to sta in good graces, in trump world as long as i continue to be a team player. while the news of potentia witness tampering by trump world was shocking, it wasn the last week hear about it. in december, the committee released transcripts o closed-door depositions with witnesses. through those depositions we found out that former whit house aide, mark meadows, an star january six com
of tomorrow. chris, the question o accountability in our american democracy seems increasingly vaporous it certainly. doesn t it has for a long time it s partly why trump exists but why would, is anyone gonna get him question the fifth avenue school o accountability, it s one of th biggest maybe truisms he s eve spoken thank you, my friend. and thanks to you at home fo being here it came as a shock, near the end of the january six committee s sixth hearing last summer when vice chair, liz cheney, dropped a bombshell. the prospect of witnes tampering in the investigation first, here is how on witness described phone call from people inte witnesses testimony. quote, what they said to me is as long as i continue to be team player that they know i m on the right team. i m doing the right thing, i m protecting who i need to protect. you know all continue to sta in good graces, in trump world as long as i continue to be a team player. while the news of potentia witness
writes the complexity financia regulations and the dullness o balance sheet minutiae i shoul not allow misunderstanding what ha happened in the bank failed the government failed. once again, and the american people are propping up a financial system incapable o rendering itself safe. joining us now is andy lowry staff writer at the atlantic and the author of give peopl money. annie, my friend it s great to see you. thank you for being. yeah it s great to see yo too. thank you for having me. i wish we were talking abou cheery or things i do want to get your thoughts on, let s start with the regulatory rollbacks i think it was a bipartisa effort to rollback some of these dodd-frank protections i 2018, it was 13 democrat worked to repeal those parts o the dodd-frank act, thes mid-sized bags, mid size banks that had 200 billion dollar in assets my question to you as. these are people, democrats wh
sponsored of who is and i was with warren and othe democrats have argued that rolling back those regulations was a primary cause of silicon valley bank s failure. and who thought that those rollbacks were a good idea a the time none other than silicon valley bank back in 2015, svb ceo, gre becker told the senate banking committee that the bank had quote, deep understanding of the markets. strong risk management practices, a fundamental strength of the innovation economy. he also noted that svb s business model did not pose an systemic risk. and that dodd-frank would only put an outside burden on the back eight years, later svb s motto did clearly pose systemic risk that then required the federal government to create and activate i m urgency rescu plans. as it turns, out the outsize burden mr. becker was talkin about. might actually have been a set of necessary guardrails. argues that americans should b outraged over all of this. there is no success for a she,
post systemic risk because they tended to operate within a smaller combine but this is a crystal clea example of regulators stepping on a rake. what congress stepping on ou rate by relaxing the regulation that would come back and the lack of them would endanger the broader america economy. i require a bailout that s backed by the american people. i think at the time, there was some thought about trying to get some bipartisan work don during the trump administration i think we ve seen the democrats in congress are no immune to the pressures from financial firms, from th consistent lobbying, we ve see it again again, democrat willing to go along with thi kind of thing. though they tend to have folks on their side of the aisle tha are the strongest pr regulatory forces includin elizabeth warren i gotta say barney frank, the coauthor o dodd-frank, serves on the boat of signature bank. which is the other bank that failed in the wake of the sv failure. he joined the board in 20 ther vein,