Maxine Waters on recent bank failures: "this is all about regulation"

This is all about regulation and this is all about the fact that at some point in time there was great advocacy for making sure that the regional banks and the smaller banks didn't have to comply with some of the rules that perhaps would not have allowed them to get into this situation because there would've been stress testing and more oversight and more watching of what was going on.  And I certainly think all of that needs to be tightened up.

~ Rep. Maxine Waters (Dem), Financial Services Committee, "SVB collapse leads to big payday for short sellers," Yahoo Finance, 0:15 mark, March 15, 2023