17
Mar
As the President said on Sunday when his administration took steps to stabilize the banking system, he is firmly committed to accountability for those responsible. Already, key executives that ran Silicon Valley Bank and Signature Bank – the two banks now under Federal Deposit Insurance Corporation (FDIC) receivership – have been removed, and investors in these two banks will take losses. The FDIC, the Securities and Exchange Commission, and the Department of Justice have regulatory authority to investigate the circumstances leading up to these banks entering receivership, and to take action against the management of these banks as appropriate. But…
