True AND the results were major adjustments to the regulatory regime to banks. Without going into politics too much, banks successfully lobbied congress to relax those rules for banks of 50b size. In fact, SVB president argued for it in front of congress as part official testimony.

So.. actions were taken. Regulations mostly worked until they got lifted.

Regulators are more like arsonists than firefighters, alas.

And things were addressed. And they worked.. until the restrictions that followed 2008 were lifted.

No, that's a red herring.

Hm? How so. It is a genuine question as I fail to see how that is even a valid talking point.