Regulatory Rollbacks and The Bank Panic of 2023
This week’s episode of Lever Time explores the collapse of Silicon Valley Bank and its impact on the U.S. financial system. Lever reporter Julia Rock joins David Sirota to discuss banking CEOs’ lobbying efforts to roll back key regulations in the lead-up to the implosion, and Cornell University Law Professor Robert C. Hockett provides expert insight on whether uninsured deposits should be protected from such disasters. (08:25) Also discussed: The recent conviction of former Ohio House speaker Larry Householder, a Republican, on racketeering conspiracy charges in connection with a bribery scheme involving FirstEnergy Corp. If you’d like access to Lever Time Premium, which features international whistleblower expert Stephen Kohn on how to blow the whistle on corporate and government malfeasance while protecting yourself, head over to LeverNews.com to become a supporting subscriber. If you’d like to leave a tip for The Lever, click the following link. It helps us do this kind of independent journalism. levernews.com/tipjar A transcript of this episode is available here.