03/11/2024
https://www.congress.gov...
"We do need a rules-based approach that looks at these foreign technologies that pose national security."
"The number of notices that the regulators had the bank management had that things were going awry and the fact that nobody acted on those is extraordinarily problematic."
"The enforcement actions that are currently at regulators' disposal do not take into account oversight responsibilities..."
"I think this was a disaster that could have been avoided, on Silicon Valley Bank in particular."