Eight years before the second-largest bank failure in American history occurred this week, the bank’s president personally pressed Congress to reduce scrutiny of his financial institution, citing the “low risk profile of our activities and business model” :
Silicon Valley Bank chief pressed Congress to weaken risk regulations
CEO Greg Becker personally led the bank’s half-million-dollar push to reduce scrutiny of his institution – and lawmakers obliged
Want to know when I post new content to my blog? It's a simple as registering for free to an RSS aggregator (Feedly, NewsBlur, Inoreader, …) and adding www.ff00aa.com to your feeds (or www.garoo.net if you want to subscribe to all my topics). We don't need newsletters, and we don't need Twitter; RSS still exists.