Michael S. Barr: “SVB failed because of a textbook case of mismanagement by the bank and that Federal Reserve supervisors failed to take…”

I do think the banking system is sound and resilient.

The answer is that the Biden Administration allowed this to happen by pursuing a policy of weakness and appeasement that allowed Iran to finance this invasion.

Yes, I do think that bank mismanagement was at the core of this.

We are playing right into China's strategy.