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lead up to the 1461 Trabzon Fk Logo T-shirt besides I will buy this failure of SVB.” She declined to respond to Gallego. Recommended DONALD TRUMP Grand jury to return as potential Trump indictment looms SUPREME COURT Disability rights activist faces Supreme Court showdown over hotel accessibility lawsuits “Senator Sinema is not engaging in campaign politics, and is remaining focused on solutions and ensuring those responsible are held accountable,” Sinema spokesperson Hannah Hurley said. Sen. Jon Tester, a Montana Democrat and a senior member of the Banking Committee, is running for re-election and will once again have to defy political gravity in his Republican-leaning state. Tester wrote a letter calling on the Fed and FDIC to “claw back compensation” from Silicon Valley Bank executives and hold them accountable. Sitting across from the Democrats on the Banking Committee is Sen. Steve Daines of Montana, the Republican campaign chairman, whose mission is to defeat Brown, Tester, Sinema and recapture the Senate majority for his party after two disappointing elections. Daines chuckled when asked if he’d be keeping an eye on the vulnerable 2024 Democrats during committee hearings: “I think we’ll look at what’s going on at Silicon Valley Bank,” he said. “The focus needs to be on facts.” Daines said he’s taking a “wait and see” approach to how Congress should respond but made one position clear: “The answer is not more regulations.” A liberal bloc, with different priorities A trio of liberal Democrats with economic-populist brands also sits on the committee: Sens. Elizabeth Warren of Massachusetts; John Fetterman of Pennsylvania; and Raphael Warnock Georgia. They’ll each play a role in shaping the politics and congressional response surrounding the bank failures. Warren, who’s seeking re-election, has joined with Rep. Katie Porter, a like-minded Wall Street hawk who is running for the Senate among a crowded field of Democrats, to push for restoring the bank regulations that Congress undid in
2018. “The failure to impose tougher regulations on these banks is a threat to the 1461 Trabzon Fk Logo T-shirt besides I will buy this stability of our banking system overall. Everyone in this country needs to know that our banking regulators are on the job and are tough,” Warren said. “And if they see problems, hold the bank’s feet to the fire to fix those problems long before there is a multi-billion dollar run on the bank.” But what some expected to be a show of force by the left has been diluted by disagreements and complications. Brown is pessimistic about the passage of Warren’s legislation and says his priority is to push regulators to get tougher. Fetterman, a sponsor of Warren’s bill, is away from the Senate as he seeks treatment for clinical depression. Democrats are divided on the path to take forward, with some moderate party members opposing a restoration of the scrutiny they eased in 2018. “Politics makes it harder for many members of the committee to admit they were wrong to roll back regulations for banks like Silicon Valley in 2018, and that in turn creates a harder environment for solving problems,” said a former Democratic aide on the panel. Warnock, who won a six-year term in Georgia last fall, is eyeing the issue cautiously. “There’s nothing we can do that’s more important than maintaining consumer confidence and supporting our economy,” he said. “So we’re looking at it very closely and thinking about the kinds of things we need to make sure are in place.”
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