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beSpacificAn <a href="https://newsie.social/tags/email" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#email</a> sent Monday by a <a href="https://newsie.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Trump</a> administration official, obtained by Popular Information, explicitly instructs federal employees at the Consumer Financial Protection Bureau <a href="https://newsie.social/tags/CFPB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CFPB</a> to not carry out activities mandated by law. The email directly contradicts representations CFPB officials made in federal <a href="https://newsie.social/tags/court" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#court</a>. <a href="https://newsie.social/tags/maga" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#maga</a> <a href="https://newsie.social/tags/vought" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#vought</a> <a href="https://newsie.social/tags/musk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#musk</a> <a href="https://newsie.social/tags/doge" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#doge</a> <a href="https://newsie.social/tags/politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#politics</a> <a href="https://newsie.social/tags/WhiteHouse" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WhiteHouse</a> <a href="https://newsie.social/tags/congress" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#congress</a> <a href="https://newsie.social/tags/DoddFrank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DoddFrank</a> <a href="https://newsie.social/tags/financialsystem" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#financialsystem</a> <a href="https://newsie.social/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://newsie.social/tags/banking" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#banking</a> <a href="https://newsie.social/tags/loans" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#loans</a> <a href="https://newsie.social/tags/college" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#college</a> <a href="https://newsie.social/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> <a href="https://newsie.social/tags/mortgages" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mortgages</a> <a href="https://newsie.social/tags/consumerprotection" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#consumerprotection</a> <a href="https://popular.info/p/email-shows-trump-officials-are-lying" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://popular.info/p/email-shows-trump-officials-are-lying</a>

beSpacificThe Death of <a href="https://newsie.social/tags/DoddFrank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DoddFrank</a>: <a href="https://newsie.social/tags/BankingLaw" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BankingLaw</a>'s <a href="https://newsie.social/tags/Dobbs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Dobbs</a> <a href="https://newsie.social/tags/Moment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Moment</a> - <a href="https://newsie.social/tags/FinancialInstitutions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FinancialInstitutions</a> <a href="https://newsie.social/tags/SystemicRisk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SystemicRisk</a> <a href="https://newsie.social/tags/FinancialStability" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FinancialStability</a> <a href="https://newsie.social/tags/LegalResearch" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#LegalResearch</a> <a href="https://newsie.social/tags/legisation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#legisation</a> <a href="https://newsie.social/tags/regulations" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#regulations</a> <a href="https://newsie.social/tags/PrudentialBanking" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PrudentialBanking</a> <a href="https://newsie.social/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://newsie.social/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FederalReserve</a> <a href="https://newsie.social/tags/Fed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fed</a> <a href="https://newsie.social/tags/SVB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SVB</a> <a href="https://www.creditslips.org/creditslips/2023/03/the-death-of-dodd-frank-banking-laws-dobbs-moment.html" rel="nofollow noopener noreferrer" target="_blank">https://www.creditslips.org/creditslips/2023/03/the-death-of-dodd-frank-banking-laws-dobbs-moment.html</a>

Cory DoctorowIf you're interested in the minutiae of this, Levitin's piece is short and clear - there's no automatic tort-based claim that would let the FDIC get the money back from the investors, because SVB isn't classed as a really big bank (a "<a href="https://mamot.fr/tags/GSIB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GSIB</a>").As for <a href="https://mamot.fr/tags/DoddFrank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DoddFrank</a>'s <a href="https://mamot.fr/tags/SourceOfStrength" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SourceOfStrength</a> doctrine, it "doesn't create any concrete financial liability—it's just exhortatory."4/

Mitchell PlitnickIf the fact that <a href="https://journa.host/tags/BarneyFrank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BarneyFrank</a> has spent the last seven years lobbying Congress to weaken and undermine the <a href="https://journa.host/tags/DoddFrank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DoddFrank</a> Bill doesn't tell you that American capitalism is a supremely sick and twisted system, I just can't help you.

Dave Underwoodyeah <a href="https://youtube.com/clip/UgkxaoaCXEycmcX1iLO7mNFlMph-ZE88EI3r" rel="nofollow noopener noreferrer" target="_blank">https://youtube.com/clip/UgkxaoaCXEycmcX1iLO7mNFlMph-ZE88EI3r</a><a href="https://mastodon.social/tags/SVB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SVB</a> <a href="https://mastodon.social/tags/SiliconValley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SiliconValley</a> <a href="https://mastodon.social/tags/SiliconValleyBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SiliconValleyBank</a> <a href="https://mastodon.social/tags/DoddFrankAct" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DoddFrankAct</a> <a href="https://mastodon.social/tags/DoddFrank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DoddFrank</a>

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