Sen. Elizabeth Warren (D-Mass.) is calling on the inspectors general of the Treasury Department, Federal Deposit Insurance Corporation and the Federal Reserve to investigate the failures of Silicon Valley Bank and Signature Bank. And Warren is insisting that investigation be conducted independently of Fed Chair Jerome Powell, citing a New York Times report that Powell blocked efforts to include language about regulatory failures in a joint statement released last week by the Fed, Treasury and the FDIC. “The bank’s executives, who took unnecessary risks or failed to hedge against entirely foreseeable threats, must be held accountable for these failures. But this mismanagement was
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