Warren Says First Republic Collapse Shows Deregulation Boosted 'Too Big to Fail' Banks

"The failure of First Republic Bank shows how deregulation has made the too big to fail problem even worse," said Warren in response to the news. "A poorly supervised bank was snapped up by an even bigger bank—ultimately taxpayers will be on the hook. Congress needs to make major reforms to fix a broken banking system."…

https://www.commondreams.org/news/first-republic-bank-deregulation-too-big-to-fail