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[Less than well capitalized @PCAminimums]

@StanphylCap @CorpusCol Well, its a combination of policies and institutional changes taken together. Was Castro just a center left lib bc he supported free govt health care? Of course not.

All countries have a border silly goose. Except where contested i guess.

[Less than well capitalized @PCAminimums]

@CorpusCol @StanphylCap Their turn away from fiscal austerity doesnt make them less right wing.

There's a notable German right wing figure who was all about reckless fiscal policy.

[Less than well capitalized @PCAminimums]

@EricBalchunas "The action" is bad. Plutocrats doing mass bribery for good will is late roman republic stuff.

If we want to tax them to fund a good retirement system, that's great. But a gift economy from the ultra wealthy is bad.

[Less than well capitalized @PCAminimums]

@khaslett Steven Kelly had a great analysis I think about how the common factor was crypto/VC exposure. That wasn't discussed in a horizontal way it seemed. TONS of banks had these same vulnerabilites but it was the crypto/VC nexus of death that caused issued.

[Less than well capitalized @PCAminimums]

@khaslett In my experience 1) folks were very aware of IRR and talked about it a ton, so much that folks that folks were bored of hearing about it. 2) v aware of liquidity drawdown 3) not talking a lot about uninsured, most banks even with higher levels are diversified.

[Less than well capitalized @PCAminimums]

@aurelius28 This is normal partisan swing in SA. They elected plenty of right wing govts over the decades of USAIDs existence.

This is conspiracy nonsense and beneath the good analysis you do.

[Less than well capitalized @PCAminimums]

@VernMcKinley Agree with this 100%. A lot of distance from washington office policy focus and field exam focus. Travis is uniquely bad bc hes undermining all supervision efforts, unlike Jelena.

Ive heard people wish that instead of a "policy wonk" they want a leader (like Bair!)

[Better Markets @BetterMarkets]

The OCC has decided to handcuff its own supervisors by proposing unjustified binding limits on how examiners can correct bank risks before they escalate into failures and crises. This reckless approach won't stand the test of time. The OCC should withdraw the proposal. Link below.

[Less than well capitalized @PCAminimums]

@BankPres @ICBA @POTUS Trump 1 and 2 are entirely different administrations. It's really remarkable how stark it is.

[Less than well capitalized @PCAminimums]

Bowman wants to have her cake (defend the 2018 tailoring and blame examiners) and eat it too (push rules that magnify the supervisory weakness at SVB)

[Less than well capitalized @PCAminimums]

I think the 2018 tailoring is small potatoes and the Bar report listed it last for a reason.

The real embarrassing thing about this report is that it blames examiner caution (true!) But Bowman has codified that caution by raising the MRA/SR hurdles sky high.

[Bank Reg Blog @bank_reg]

I think the Starling report on SVB is well done overall, and I am happy it exists. (I had the same view re: the Barr report, fwiw.) That said, there were a few statements in the report that I would highlight as a little odd or maybe deserving more exploration. (1/9)

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@MaxfieldOnBanks I can see the exact quarter when this bank had "material financial risk". Good thing that gave supervisors plenty of runway to respond!

[Less than well capitalized @PCAminimums]

@aurelius28 Ironically onr of the things we learned from the past few yesrs is thousands of banks can have large unrealized loss and it doesnt really matter.

[Less than well capitalized @PCAminimums]

@JeffreyKMooreII Why should rural votes count for more than suburban and urban?

There's not justification for R gerrymandering that does this.

Proportional representation is good

[Less than well capitalized @PCAminimums]

@robblackwellAB Short sighted!

[Less than well capitalized @PCAminimums]

@commbankerguy Yup. Not an excuse at all for supervisors, a lot of bank risk managers handled it well. But sups gotta be more open minded about shocks to levels as well as rates. Supervisors live in static shock world.

[Less than well capitalized @PCAminimums]

@Jeremy_Kress Well, examiners failed to act because they were super cautious. Which is why our new MRA standards make it even harder for supervisors to act. Lol

Also, the one interview where the person admitted they saw the failure risk as very low. Wouldn't have met new standard

[Less than well capitalized @PCAminimums]

@robblackwellAB The fix is 100% NOT raising the bar for supervisory action.

[Less than well capitalized @PCAminimums]

@robblackwellAB Which makes supervisors moves raise the bar for action much higher suspect.

If anything this tells us we need a culture/procedures for quick action and decisions, but they just codified that caution with recent rules.