Republican and Democratic lawmakers largely agree that bank regulators were right to step in over the weekend to stop the failure of Silicon Valley Bank from becoming a contagion. They also think bank examiners and the company’s management have many questions to answer, the Wall Street Journal reported. But they disagree on many other fronts. Democrats want to look at tightening regulations on midsize banks they say are too loose, while Republicans are pointing the finger at Democratic spending as a root cause of the bank’s weakness. Differences emerged within each party as well. These disagreements mean that any legislation to get ahead of potential future bank problems faces an uphill fight.
