This was a colossal failure in asset liability risk management. However, according to CNBC, “a series of reports revealed that key SVB officials showed a pattern of risky and questionable decision making that may have contributed to the bank’s instability and collapse and the ripple effects being felt throughout the economy.” Democratic lawmakers in a letter to DOJ and SEC heads are calling for an investigation. Former U.S. Attorney for the District of Utah John Huber joins the show to explain.
See omnystudio.com/listener for privacy information.