Trump deregulated railways and banks. He blames Biden for the fallout

Silicon Valley Bank last week became the second biggest bank to fail in US history.

Trump predicted Biden would go down as the Herbert Hoover of the modrrn [sic] age’ Yet it was Trump himself who, as US president, rolled back regulations intended to make railways safer and banks more secure.

Critics say his attacks on Biden administration offered a preview of a disingenuous presidential election campaign.

Steve Bannon, an influential far-right podcaster and former White House chief strategist, framed the Trump agenda as “the deconstruction of the administrative state’s.

Biden called on Congress to allow regulators to impose tougher penalties on the executives of failed banks while Warren and other Democrats introduced legislation to undo the 2018 law and restore the Dodd-Frank regulations.