The Fed's own report on the SVB failure identified problems high and low.
The Fed touches the lives of nearly every family in America, from influencing whether or not they can afford to buy a home...
That was just a massive neon light saying 'grow, grow, grow.'
Now I think it is long past time that Congress finally acts, and I have bipartisan legislation with Senator Scott to do that.
this is why Senator Rick Scott and I introduced a bipartisan bill today that would prohibit big bankers from serving as Reserve bank directo...
This is exactly the kind of deregulatory shift I warned about in 2018 when I opposed Powell's nomination as Fed Chair.
I have got an idea, a bipartisan idea that I am introducing with Senator Rick Scott today: get the big bankers off the Federal Reserve board...
the tailoring rules meant that Silicon Valley Bank, for example, did not have to do a lot of incredibly important things.
difficulty in attracting quality candidates for the position
This law severely weakened the guardrails that Congress put in place after the 2008 financial crisis.
the Fed continues to stonewall Congress, stonewall the public, on the underlying information about these trades.