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by pas
1071 days ago
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why do you think it was a regulatory failure? it's not the Fed's job to make sure every bank has a sane business plan and rock solid conservative riskless strategy. its job is to make sure the entire system can take the stress of failing banks. the FDIC did its job too. |
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https://www.federalreserve.gov/supervisionreg/topics/capital...
The private club Federal Reserve branch in SFO was supposed to regulate SVB which had C-level executive on BoD of the regulator. The regulator failed to take prompt corrective action when SVB had capital inadequacy. SVB subsequently, months later, had inadequate capital to continue operating.