Michael S. Barr: “FinCEN, and Treasury, should be following the money in these areas to expose the relationships between the cartels and…”

The report that we released suggests that both the Board in Washington and the San Francisco Fed did not hold up the bank with enough pressure.

I want to know what the bank executives were doing in the months, weeks, and days leading up to this failure.

SVB failed because of a textbook case of mismanagement by the bank and that Federal Reserve supervisors failed to take forceful enough action.

We need to not only arrest individuals such as those in Woodford County who traffic this potent deadly drug, but also find and eliminate the source of production and financing.