No, Wall Street Was Never Deregulated

No, Wall Street Was Never Deregulated

In March 2018, The New York Times ran an op‐​ed about the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Economic Growth Act). The piece claimed the bill “would roll back or eliminate parts of the Dodd‐​Frank Act.” Fast forward to March 2023, when the Times ran an op‐​ed by Senator Elizabeth Warren (D‑MA) about the Silicon Valley Bank failure. In it, Warren points to the Economic Growth Act and argues the demise of Silicon Valley Bank was “the direct result of leaders in Washington weakening the financial rules.” Though separated by five years, both opinion pieces...

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