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by landemva
1071 days ago
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It's their job. 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. |
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based on which criteria?