Botching the Coverage of a Bank Run / Dean Baker
This Is Hell!
00:00
Do You Think the Fed Will Have Caught the Signature Bank?
Dean Obeidallah: It's a little hard to believe that if you had bank regulators looking at a bank like Silicon Valley bank where over 90% of their liabilities were uninsured deposits. Also this is a bank that had grown like crazy, tripled in size between I think it was 220 and 222. So we can't guarantee that the Fed would have caught it, but it's a littleHard to believe that any regulators doing careful scrutiny as they were supposed to do under the law prior to 2018 want to realize there's some serious problems with these banks.
Transcript
Play full episode
