South Dakota Representative Dusty Johnson talked recently about the banking situation in the United States. This comes in the wake of the closure of two mid-sized banks Silicon Valley Bank in California and Signature Bank in New York.
According to Johnson, this is a classic run on some banks that made bad investment decisions and not a systemic problem the country has to be concerned about…
Johnson says these bank’s managers and higher ups have already been held accountable, and now its the job of the government to sure up depositors that did nothing wrong…
Bank regulation is at the front of many Americans minds following these banking collapses. Some in congress are blaming bipartisan banking deregulation done under President Trump in 2018. South Dakota congressman Dusty Johnson does not agree with that premise…
