These Bankers Are So Unapologetic, Even Republicans Can’t Stand Them ...Middle East

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If you’re a top bank executive and your bank fails on your watch, this is what you say when called before the Senate Banking Committee:It’s not my fault!And, if you’re feeling especially feisty: It’s the Fed’s fault! This last was from Gregory W. Becker, former chief executive of Silicon Valley Bank (SVB), in his prepared testimony: The messaging from the Federal Reserve was that interest rates would remain low and that inflation that was starting to bubble up would only be transitory. [italics his] Becker, who repeated that sentiment under questioning by Senator Jon Tester, Democrat of Montana, absorbed most of the blows from his Senate interlocutors. Former Signature Bank chairman Scott A.

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These Bankers Are So Unapologetic, Even Republicans Can’t Stand Them ...Middle East

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