It should raise major concerns that the Federal Reserve, which is tasked with regulating and overseeing banks, knew about Silicon Valley's risky practices for more than a year and failed to take any corrective action.
Williams expresses concern over the Federal Reserve's inaction regarding known risks at Silicon Valley Bank.
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I understand these challenges firsthand, after my family searched for the best treatment options for my wife, Patty, after she was diagnosed with glioblastoma in December of 2022.
It makes sense then that a one-size-fits-all outreach and marketing plan from the SBA is inadequate.
The SBA is supposed to be the lender of last resort and not compete with the private sector.
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