But the ultimate crux is done by the Federal Reserve Board for allowing $50+B --> non-bank <-- to skimp on the stress test. (emphasis is mine but the key crux). This was done on March 14. 2014, which is 4 years earlier.

"Finally, the Board has determined not to impose enhanced prudential standards on nonbank financial companies supervised by the Board through this final ($50B stress test) rule."

Not seeing any partisan hacks there, unless you count the financial ones.

https://www.govinfo.gov/content/pkg/FR-2014-03-27/html/2014-...