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The Bank Regulator Who Was Blocked for Being Right

Lever Time

CHAPTER

The Importance of Regulators in the Financial System

Julian Zelizer: Your nomination to the Senate was blocked in part because banks did not like the way you were talking about systemic risks. He asks if any of the topics that came up in your confirmation hearing had any bearing on what just happened with Silicon Valley Bank. Zelizer: If this 2018 law was not passed, maybe they wouldn't have grown quite so fast,. once Congress basically lifts the threshold above which you are systemically important.

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