CNN CNN Newsroom June 4, 2024 18:12:00
Huge asset growth as you describe, hot money institutional uninsured depositors who are flight risks, massive exposure to unhedged interest rate risk in buying treasuries and cheap mortgages a couple years ago. and it remain tuesday be seen -- you know i really hope people are held accountable here particularly the regulators, the federal reserve who supervised this bank and it was hardly a gold standard bank. it flummoxes me how they did what they did and get approval every step of the way. >> this has some other ripple effects with the fed or it might in terms of a decision which could come ...