years with colorado s loca banks, with rural bank throughout the mountain west who as a result of the downtur and regulation that we have pu in place after the big downtur in 09 and 08, we ve seen massive consolidation of banking industry, and we v seen the small banks having to comply with regulations that were very appropriate for th largest banks in america t deal with. but the small banks were reall struggling to pay the overhead to meet those regulations. that was what the bill in 2018 was intended to do, at least for my part. obviously, there wer provisions in there for the fe to exercise its discretion o banks the size of silico valley bank, which by the way, is eight times or more the siz of things that we re talking about in colorado and rura america, which have only gotte more consolidated, more gobble
but the small banks were reall struggling to pay the overhead to meet those regulations. that was what the bill in 2018 was intended to do, at least for my part. obviously, there wer provisions in there for the fe to exercise its discretion o banks the size of silico valley bank, which by the way, is eight times or more the siz of things that we re talking about in colorado and rura america, which have only gotte more consolidated, more gobble up, as the years have gone by. now, i think the people that know the situation best coul see it for what is, which is a huge number of mistakes that they made, that the bank mad here ridiculous mistakes that you never would have made. you know, they quadrupled thei assets over four years they should have known if it will go up the fence, it wil collapse they were incredibly weighte towards tech it looked great during covid but when it came out, as you know, that sector used togethe all the time, and they wer very concentrated there.