US regulators accused of deliberately strangling economy, banks down 84%, public companies tank 25%

Economists, investors, and banking executives are blaming US financial regulators for allegedly “choking” economic productivity through excessive oversight. According to Canadian-American venture capitalist Chamath Palihapitiya, regulations have reduced the “competitiveness of smaller institutions” and pushed them to the brink. Through a Monday X post, Palihapitiya accused regulators of making the US a hostile environment for […] source: https://www.cryptopolitan.com/us-regulators-accused-strangling-the-economy/