Bank Runs Reach Peak Politics: White House Blames Trump and Calls for Tougher Rules

Also, Yellen signals onslaught of new regulations won't stop with banks; Gensler faces off with House Republicans on SEC budget, climate and short comment periods

White House on Bank Rules: The Biden administration issued a host of policy recommendations today for boosting oversight of banks, signaling we’re hitting the peak political stage of this month’s mini-crisis (if we weren’t there already). What’s most notable about the White House announcement is that it spends a lot of time blaming the Trump administrat…