Sen. Crapo: Weekly Column - Setting The Record Straight On Recent Bank Failures And What We Should Be Focused On
April 05, 2023
April 05, 2023
WASHINGTON, April 5 -- Sen. Mike Crapo, R-Idaho, issued the following column on April 3, 2023:
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Setting The Record Straight On Recent Bank Failures And What We Should Be Focused On
Silicon Valley Bank's (SVB) collapse was due to massive inflation followed by spiking interest rates and mismanagement that led to a liquidity event, not a capital shortfall.
A combination of excessive spending, skyrocketing inflation, rising interest rates, mis . . .
* * *
Setting The Record Straight On Recent Bank Failures And What We Should Be Focused On
Silicon Valley Bank's (SVB) collapse was due to massive inflation followed by spiking interest rates and mismanagement that led to a liquidity event, not a capital shortfall.
A combination of excessive spending, skyrocketing inflation, rising interest rates, mis . . .