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Ayman

limits and all of thos large-scale deposits, holder deposit out on monday and that was the day. -- there were no stress tests, no pressure test employee regional banks including svb. and the republicans don't have a solution to. it so that, said they're gonna say this is about wokeness, bu for that, i'm wokeness is no -- diversity and anybody band you can attack attach here to for them. svb nothing to do with diversity, nothing to be wit their investments in community it has to do with the fact tha they were taking on honduras and they were walking shamar complying with regulations that's why it's so important [inaudible >> sorry, finish your thought. >> that's why it's important elizabeth warren, the bill introduced by elizabeth warren katie porter, to rollback th

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Ayman

taxpayer doll it's isn't being used, here but we've seen th fed step and to help banks tim and time again propublica reports that over 900 banks have been bailed out by the government. since 2022 with a total disbursement of over 600 billion dollars on the one hand, we've got som republican lawmakers unwilling to acknowledge the real reason for the collapse on the other, hand we have a pattern of government bailouts well we actually ever see real solutions are accountability for these bank executives. joining me back to discuss thi is brittany packnett cunningha and alaina beverly britney, i want to start wit you. the statements by conservatives, blaming wokeness for the bank' failure, not only is i baseless, but we know some o these republicans don't even know how to define woke as w saw this week. what are your thoughts on this >> you, now the inability to

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Ayman

blaming wokeness and dei policies for quite literally everything this week it is the bankin crisis, republican politicians like ron desantis, and james comer have been openly blaming silicon valley bank's failur on so called woke policies this of course as untrue has svb failure is due to bank round, rising interes rates, and overall mismanagement by executives. we also need to look at th roller government plays and al of this specifically, a trump-era law that deregulates the banking industry back in 2018, congress rollbac oversight for mid size banks exempting them from regulation such as complying with stres tests. maintaining certain levels o liquidity. well svb into that category. last, week federal regulator said that they would cover all of svb supposed to be clear.

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Ayman

blaming wokeness and dei policies for quite literally everything this week it is the bankin crisis, republican politicians like ron desantis, and james comer have been openly blaming silicon valley bank's failur on so called woke policies this of course as untrue svb's failure is due in part t a bank run, rising interes rates and overall mismanagemen by executives. but we also have to look at th role our government plays an all of this. specifically, a trump era la aimed at deregulating th banking industry see, back in 2018, congres rolled back oversight for a mi sized banks, exempting the from regulation such a complying with stress tests. in maintaining certain level of liquidity svb fell into that category. last week, federal regulator said they would cover all of svb's deposits to be clear, taxpayer dollar are not being used here. but we've seen the fed step in

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Ayman

there were no stress tests there were no pressure tests for these regional banks including svb. and the republicans don't have a solution to it so, instead, they are going to say, this is about wokeness. for them, wokeness is, a brittany, a said, it's synonymous with everything black, everything diversity. and anything that you ca attach fear to, for them - but svb had nothing to do with diversity. it had nothing to do with thei great investments in community it had to do with the fact tha they were taking on undue risk and they were not making sur that they were complying wit regulations. and that's why it's so important -- >> go ahead, go ahead. sorry, finish your thought >> - that's why it's important that elizabeth warren - the bill introduced by elizabeth warren and katie porter, to roll back the trump era deregulation, and make sur that stress test will apply to these mid size the regiona banks. it's important

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