CNN CNN Newsroom June 4, 2024 19:17:00
So there's a financial crisis in 2008, obviously, that was devastating to a lot of big banks and smaller banks. in 2010, congress passed a lot, the dodd/frank act, that created much more rigorous regulatory structure, made the fed more powerful in terms of making rules that were supposed to force banks to be more safe. some of those rules were dialed back, both by a law that congress passed with democratic and republican support, and by actions the fed took a few years ago to kind of go a little easier on regional banks in particular. and so those rollback of regulations i think is getting a l...