Sahil Kapur

Sahil Kapur @sahilkapur

Katie Porter says she's working on a House bill to undo the 2018 law that eased bank rules. Biden wants Congress to "strengthen the rules for banks." BUT, no sign yet that supporters of 2018 law—led by Republicans, joined by dozens of Dems—are shifting. https://t.co/Cyf1f3WEoB — PolitiTweet.org

Sahil Kapur @sahilkapur

NEW: Silicon Valley Bank collapse puts new spotlight on 2018 bank deregulation law The Trump-era bill sparked an intense fight among Senate Democrats; 17 joined Republicans to pass it. Elizabeth Warren led the fight against it. Now she wants to undo it. https://t.co/Cyf1f3WEoB — PolitiTweet.org

Sahil Kapur @sahilkapur

BIDEN: "During the Obama-Biden administration, we put in place tough requirements on banks, like Silicon Valley Bank and Signature Bank, including the Dodd-Frank law to make sure that the crisis we saw in 2008 would not happen again. Unfortunately, the last administration rolled… — PolitiTweet.org

Sahil Kapur @sahilkapur

RT @JStein_WaPo: Here’s a story I wrote 5yes ago about Barney Frank — earning +$1 million on Signature Bank’s board — using his name as aut… — PolitiTweet.org

Sahil Kapur @sahilkapur

@roeyhadar Didn’t know that! 😱 — PolitiTweet.org

Sahil Kapur @sahilkapur

For the F1 people: Michelle Yeoh’s partner is Jean Todt, former president of the sport’s governing body and before that Ferrari’s team boss during the 2000s (including the Michael Schumacher era), the last time they were winning championships — PolitiTweet.org

Sahil Kapur @sahilkapur

RT @MattLaslo: “And ladies, don’t let anyone tell you you’re past your prime” - Michelle Yeoh https://t.co/AJoJpNIbEo — PolitiTweet.org

Sahil Kapur @sahilkapur

Biden on Silicon Valley Bank and federal actions: “I am firmly committed to holding those responsible for this mess fully accountable and to continuing our efforts to strengthen oversight and regulation of larger banks so that we are not in this position again.” https://t.co/O1uXjNyzrS — PolitiTweet.org

Sahil Kapur @sahilkapur

Some day in the future there will be a recession, so yes. But there’s a wealth of data that shows economists are bad at forecasting them so this tends to be a fruitless exercise. — PolitiTweet.org

Sahil Kapur @sahilkapur

And now the slap jokes are flowing — PolitiTweet.org

Sahil Kapur @sahilkapur

First Oscar slap reference: 11 mins in — PolitiTweet.org

Sahil Kapur @sahilkapur

RT @davidgura: A senior Treasury Department official, to me: Silicon Valley Bank's "equity and bondholders are being wiped out. They took… — PolitiTweet.org

Sahil Kapur @sahilkapur

Sen. Kevin Cramer (R-North Dakota) stands by the 2018 law he championed to loosen regs on banks of a certain size: “I don't think smaller banks need more oversight and more regulation – maybe better oversight, but certainly not more regulation.” On @MeetThePress: https://t.co/SRpLZHRnll — PolitiTweet.org

Sahil Kapur @sahilkapur

Sen. Mark Warner (D-Virginia) says he doesn’t regret voting for the 2018 law that rolled back enhanced scrutiny under Dodd-Frank for banks of a certain size, including Silicon Valley Bank. “I do think these midsized banks needed some regulatory relief.” On @ThisWeekABC: https://t.co/Onvhhqe0Rf — PolitiTweet.org

Sahil Kapur @sahilkapur

🚨 New joint statement from Treasury, Federal Reserve and FDIC says they’re talking “decisive action.” “Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.” https://t.co/BvWxveNBL9 — PolitiTweet.org

Sahil Kapur @sahilkapur

It makes strategic sense for Pence to embrace and own the anti-insurrection lane, rather than trying to have it both ways. A presidential primary voter who hears a group of people chanting “hang Mike Pence” and thinks “maybe they have a point?” will not be voting for Mike Pence. — PolitiTweet.org

Sahil Kapur @sahilkapur

“President Trump was wrong,” Pence said. “I had no right to overturn the election. And his reckless words endangered my family and everyone at the Capitol that day. And I know that history will hold Donald Trump accountable.” https://t.co/6CtcjzbLv0 — PolitiTweet.org

Sahil Kapur @sahilkapur

.@SenWarren, a member of the Banking Cmte, on Silicon Valley Bank: “President Trump and Congressional Republicans’ decision to roll back Dodd Frank’s ‘too big to fail’ rules for banks like SVB – reducing both oversight and capital requirements – contributed to a costly collapse.” https://t.co/eZpMFplGuo — PolitiTweet.org

Sahil Kapur @sahilkapur

Silicon Valley Bank Fails After Run on Deposits https://t.co/pZKQnIV9wl — PolitiTweet.org

Sahil Kapur @sahilkapur

Relevant to Silicon Valley Bank situation: this 2018 law rolling back parts of Dodd-Frank 👇 GOP-led bill. It sparked a messy fight among Democrats after @SenWarren bashed it as dangerous for consumers. More than a dozen Senate Dems disagreed, voted for it. Trump signed it. https://t.co/0lxchyNQib — PolitiTweet.org

Sahil Kapur @sahilkapur

Without divining motives, I’ll just observe that Joe Manchin said last year he was praying the 50-50 Senate ends and that Democrats get 51. This gives him operating room to appeal to his ruby-red state without single-handedly torching president’s plans. https://t.co/jbM5oQxWUp — PolitiTweet.org

Sahil Kapur @sahilkapur

A glimpse into where the battle for the House will be fought: Half the toss-ups listed here are in New York and California. Another seven tilt/lean races are in NY and CA. — PolitiTweet.org

Sahil Kapur @sahilkapur

RT @laurenpeikoff: Mitch McConnell is 'doing well' and eager to leave the hospital, adviser says https://t.co/aGvAuwCy3D via @nbcnews @sahi… — PolitiTweet.org

Sahil Kapur @sahilkapur

Biden trashes HFC plan, saying it'd cut "all spending other than defense by 25%." "That means cops, firefighters; it means health care." Says it'd cut IRS agents who "check on the accounts of the super-wealthy. "We just have a very different value set." https://t.co/ojvEFXGvNO — PolitiTweet.org

Sahil Kapur @sahilkapur

NEW: House Freedom Caucus lays out debt ceiling demands as House Republicans split on strategy Their plan: repeal much of Biden's IRAct, undo gov't funding deal, deregulate. Unclear it can pass House. Non-starter in Senate. Big challenge for McCarthy. https://t.co/ojvEFXFXYg — PolitiTweet.org

Sahil Kapur @sahilkapur

House Freedom Caucus Republicans are offering a blueprint to lift the debt ceiling. They propose to: • Nix Biden’s $400b student debt relief • Rescind unspent covid funds • Cut $80b in IRS money from IRAct • Slash climate funds in IRAct • Cap discr. spending at FY22 levels https://t.co/EVNq7C9kHW — PolitiTweet.org

Sahil Kapur @sahilkapur

RT @CNBC: BREAKING: The U.S. added 311,000 jobs in February, more than expected. https://t.co/kluQV85ZKO https://t.co/AWSiqoVkv5 — PolitiTweet.org

Sahil Kapur @sahilkapur

RT @JacobRubashkin: The key for Democrats to win rural country is follow CA-02 Rep. Jared Huffman's lead and openly reject the existence of… — PolitiTweet.org

Sahil Kapur @sahilkapur

RT @CNN: A student who said they identify as a transgender man asked Virginia Gov. Glenn Youngkin during a CNN town hall if he believes hig… — PolitiTweet.org

Sahil Kapur @sahilkapur

RT @ryanjreilly: “If someone broke into your office and vandalized it, you think you’d be upset and want to get to the bottom of it. “Not… — PolitiTweet.org