Sen. Elizabeth Warren is seeking an independent investigation into the Federal Reserve as well as the U.S. banking regulatory system while calling out Fed Chairman Jerome Powell for failing in his duties. “I’m calling for an independent investigation of the Fed and the whole regulatory system here. The fed doesn’t …
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What caused the sudden collapse of Silicon Valley Bank? You may think the disastrous bank run that led to the implosion of SBV was spurred by the effects of deregulation, rising interest rates, and panic among customers—and actual economists would agree. But over at Fox News the demise of the …
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Treasury Secretary Janet Yellendismissed the possibility of a federal bailout for Silicon Valley Bank after it collapsed last week. “We’re not going to do that again,” she said, referring to the bailouts during the 2008 financial crisis. “But we are concerned about depositors, and we’re focused on trying to meet …
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