Congressional Progressive Caucus Chair Pramila Jayapal (D-Wash.) called for the federal government to take action on the “systemic failures” that led to the collapse of Silicon Valley Bank on the anniversary of the bank failure that briefly sparked fears of a wider crisis. “One year ago, Silicon Valley Bank’s collapse became the second largest bank failure in U.S. history,” Jayapal said in a statement Monday. “While the bank's wealthy depositors were made whole almost immediately, the systemic failures that allowed the collapse in the first place still have not been addressed.” “This anniversary is an opportunity to course correct across the federal government,” she added. Silico
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