"Where were the regulators?," asks @mcuban. "They are supposed to watch and warn."
Answer: SVB's president told them to go away, saying the bank's portfolio was so low risk that watching them was unnecessarily burdensome.
SVB lobbied to change the rules; the Trump admin obliged. pic.twitter.com/4aDDNy2b5k

— Nicholas Grossman (@NGrossman81) March 11, 2023