The Cover-up Begins

Paul Craig Roberts- Silicon Valley Bank failed because the foolish legislation causes depositors to withdraw their deposits on any sign of bank trouble.

The disinformation service, Bloomberg, takes the lead. Bloomberg points its finger at Donald Trump and “Trump era deregulation.” In Bloomberg’s rewriting of history,  Trump is responsible because he signed a bill passed by Democrats and Republicans that allowed mid-sized banks to “skirt some of the strictest post-financial crisis regulations.” So, where was the federal reserve? Where were the bank regulators? Bloomberg doesn’t say.

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https://thealtworld.com/paul_craig_roberts/the-cover-up-begins