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Experts warn the conditions that saw multiple financial institutions fail in March may still be in place, as lawmakers on Capitol Hill are aiming this week to get to the bottom of the bank collapses.
Becker attributed SVB's demise to a "social media fueled" bank run based partly on rumor.
Pennsylvania Democrat Sen. John Fetterman raised eyebrows with his choppy and sometimes borderline incoherent questioning at the Senate Banking Committee hearing on Tuesday.Fetterman was the last senator to dive into questioning during a hearing on the Silicon Valley Bank collapse that occurred earlier this year, and he appeared to struggle through his opening statement in
Sen. John Fetterman, Pennsylvania, floated the idea of work requirements for banking executives that receive taxpayer bailouts in remarks during a Senate Banking Committee hearing on Tuesday that some conservative commentators hammered as “painful” and incoherent.
It's shameful that Dems put Fetterman out there in this condition.