On with Kara Swisher Katie Porter: Taking Big Business to Task While Running for Dianne Feinstein’s Seat
5 snips
Mar 27, 2023 Katie Porter, a California congresswoman celebrated for her incisive questioning of CEOs, discusses her early bid for Dianne Feinstein's Senate seat. She reflects on the chaos surrounding the Silicon Valley Bank collapse and critiques the ineffectiveness of Congress in tackling tech regulation. Porter shares insights on corporate accountability, emphasizing the need for transparency while rejecting corporate PAC money. The conversation also highlights the importance of community engagement and restoring public trust in government, showcasing her commitment to reform.
AI Snips
Chapters
Books
Transcript
Episode notes
Whiteboard Grilling
- Katie Porter used a whiteboard to grill JP Morgan CEO Jamie Dimon.
- She questioned his $31 million salary while a single mother struggled with a $567 budget shortfall.
Banking Failures and Regulation
- Banking failures present only bad options, making prevention crucial.
- Dodd-Frank regulations, designed to prevent such failures, were weakened, contributing to SVB's collapse.
Dodd-Frank and SVB
- Silicon Valley Bank's failure stemmed from a mismatch in investments.
- Stress tests and capital requirements in Dodd-Frank could have mitigated this risk.
