Silicon Valley Bank

Summers: SVB CEO Shouldn’t Have Been on SF Fed Board

On Wednesday’s broadcast of CNN’s “Situation Room,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that the failure of Silicon Valley Bank “was a failure

SVB - Larry Summers on inflation 8/5/2022 "Situation Room"

House Freedom Caucus Opposes Bank Bailouts

The House Freedom Caucus said in a statement on Monday that they oppose bailing out the banking industry for what should be considered a failure of regulators not to see the coming crisis.

Rep. Andy Biggs, R-Ariz., center, joined from left by Rep. Michael Cloud, R-Fla., Rep. Bob Good, R-Va., Rep. Chip Roy, R-Texas, Rep. Ralph Norman, R-S.C., and Rep. Lauren Boebert, speaks as members of the House Freedom Caucus hold a news conference at the Capitol in Washington, Friday, March 10, 2023. …

Brooks: Federal Budget Has Same Flawed Structure as SVB

On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that the federal budget has the same sort of reliance on low interest rates that Silicon Valley Bank (SVB) had and this is especially a problem since “inflation is

SVB - David Brooks on 6/22/18 "PBS NewsHour"