Shortly before Silicon Valley Bank's collapse, the bank's lobbying groups fought a proposal requiring financial institutions to increase payments into the insurance fund that protects depositors from bank failures.

Powerful banking interests and their allies in Congress have made clear they oppose measures that would force banks to pay higher premiums in order to fund depositors’ insurance.

levernews.com/svbs-lobby-group

#uspol #uspolitics #banking #wallstreet #lobbying

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@craigpc

But FDIC sounds fairly confident that they won't have trouble covering depositors' deposits.

Depositors who made uninsured deposits, well, why would they be protected by insurance that they ducked?

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