Wednesday, March 15, 2023
The second bank to fail this month was New York-based Signature Bank, shuttered by regulators over the weekend. Signature Bank is a regional bank most notable because it had a famous former congressman as one of its directors: Barney Frank. Frank, a Democrat from Massachusetts, was not just any member of Congress. He was a moral leader of the Democratic Party and a longtime chairman of the House Financial Services Committee. He was also the co-author of one of the most consequential pieces of legislation over the last 20 years, the Dodd-Frank financial regulation bill of 2010
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Since Rein decided to pedal lies about Ivanka being on Signature's Board of Directors when it collapsed ... I felt it was interesting to note that one of the very man who co-sponsored what would become the Dodd Frank Act happened to sit on the very board of Directors of Signature Bank as the bank collapsed.
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