{"id":1875045,"date":"2023-03-12T12:12:16","date_gmt":"2023-03-12T16:12:16","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kevin-cramer-insists-banks-dont-need-any-more-regulation-following-svb-collapse\/"},"modified":"2023-03-12T12:12:44","modified_gmt":"2023-03-12T16:12:44","slug":"kevin-cramer-insists-banks-dont-need-any-more-regulation-following-svb-collapse","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kevin-cramer-insists-banks-dont-need-any-more-regulation-following-svb-collapse\/","title":{"rendered":"Kevin Cramer insists banks &#8216;don&#8217;t need any more regulation&#8217; following SVB collapse"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fkevin-cramer-insists-banks-dont-need-any-more-regulation-following-svb-collapse%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1875045&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_74158401\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"US hits debt limit, and countdown begins for 'extraordinary measures' to run out\">               <meta itemprop=\"description\" content=\"The United States hit its debt limit, beginning a countdown for the Treasury to miss paying a bill and raising fears of a default. The U.S. hit the debt limit, also known as the debt ceiling, on Thursday, the Treasury Department announced. Treasury Secretary Janet Yellen said that the Treasury will take \"extraordinary measures\" to prevent the U.S. from defaulting on its obligations, but the Treasury will only have a few months before those measures are exhausted.\">               <meta itemprop=\"duration\" content=\"PT1M12S\">               <meta itemprop=\"uploadDate\" content=\"2023-01-19 19:58:42\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1226798_th_1674158322.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1226798.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_74158401\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1226798\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">S<\/span>en. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/kevin-cramer\" target=\"_blank\" rel=\"noopener\">Kevin Cramer<\/a> (R-ND), rebuffs requests for increased banking regulation in the aftermath of <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-ceo-stock-sales-employee-bonuses\" target=\"_blank\" rel=\"noopener\">Silicon Valley Bank<\/a>&#8216;s collapse. <\/p>\n<p>Although he took note of inflationary pressures, economic turbulence and other factors that preceded SVB\u2019s collapse, he downplayed concern that SVB would be restructured. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/dodd-frank\" target=\"_blank\" rel=\"noopener\">Dodd-Frank<\/a> Trump&#8217;s regulation of banks of mid-sized size was a contributing factor to it. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-ceo-stock-sales-employee-bonuses\" target=\"_blank\" rel=\"noopener\">SILICON VALLEY BANCK COLLAPSE &#8211; CEO CASHED OUT MILLIONS, WHILE EMPLOYEES GET BONUSES<\/a><\/b> <\/p>\n<p>&#8220;They certainly don&#8217;t need any more regulation. That doesn&#8217;t mean that you can be mismanaged,&#8221; Cramer said to NBC. <i>Meet the Press. &#8220;<\/i>We have seen a rather sharp increase in interest rates which have put some smaller banks at odds with their own balance sheet.&#8221; <\/p>\n<p>Dodd-Frank was a comprehensive banking regulation and reform package that was enacted as a response to 2008&#8217;s financial crisis. It included liquidity requirements and stress tests for banks. <\/p>\n<p>Cramer suggested that smaller banks could be allowed to get regulatory support instead of strengthening them. &#8220;better oversight, but certainly not more regulation.&#8221; Cramer is a member of the Senate Committee on Banking, Housing, and Urban Affairs. <\/p>\n<p>Silicon Valley Bank reported Wednesday that it sold a slew of securities at a profit. This panicked venture capitalist firms. SBV was forced to sell securities due to the bank&#8217;s collapse. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-ceo-stock-sales-employee-bonuses\" target=\"_blank\" rel=\"noopener\">Friday collapsed<\/a>Federal regulators overtook the company.<\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read more from <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/cramer-insists-banks-dont-need-more-regulation\">Kevin Cramer insists that banks don&#8217;t require any additional regulation after the SVB collapse<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Kevin Cramer (R-ND), rebuffs requests for increased banking regulation in the aftermath of Silicon Valley Bank&#8216;s collapse. Although he took note of inflationary pressures, economic turbulence and other factors that preceded SVB\u2019s collapse, he downplayed concern that SVB would be restructured. Dodd-Frank Trump&#8217;s regulation of banks of mid-sized size was a contributing factor to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1896996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[8961,7385,21386,4894,7444,3660,5270,21356],"class_list":["post-1875045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-banks","tag-collapse","tag-cramer","tag-dont","tag-insists","tag-kevin","tag-regulation","tag-svb"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1875045"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896996"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}