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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 ....
Practices a fundamental strength of the innovation economy. he also noted that svb s business model did not pose think systemic risk and that dodd/frank would only put an outsized burden on the bank. eight years later svb s model did clearly pose systemic risk that then required the federal government to create and activate an emergency rescue plan as it turns out that outsized burden mr. becker was talking about might actually have been a set of necessary guardrails. andy lowry of the atlantic argues that americans should be outraged over all of this. there is no success story here, she writes, the complexity of financial regulations and the dullness of balance sheet minutia should not lull any american into misunderstanding what has happened. the bank failed. the government failed. once again, the american people are propping up a financial system incapable of rendering itself safe. joining us now is annie lowry, staff writer the the atlantic and the author of give people money. i ....