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Did Silicon Valley Bank Prioritize Social Justice Over Risk Management?

After one of the biggest banks in the technology startup lending space collapsed last week, President Joe Biden tried to reassure Americans that their banking system was still safe. But if bank examiners are not doing their job, which was the fundamental problem in the Silicon Valley Bank crash, then customers’ deposits are not safe.
United States Napa Valley San Francisco Jerome Powell Garen Staglin Gary Becker

Did Silicon Valley Bank prioritize social justice over risk management?

After one of the biggest banks in the technology startup lending space collapsed last week, President Joe Biden tried to reassure Americans that their banking system was still safe. But if bank examiners are not doing their job, which was the fundamental problem in the Silicon Valley Bank crash, then customers’ deposits are not safe.
United States Napa Valley San Francisco Jerome Powell Garen Staglin Gary Becker

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