Federal Reserve Board Vice Chair for Supervision Michael S. Barr speaks during a hearing with the Senate Banking Committee on Capitol Hill in Washington on May 18, 2023. Anna Moneymaker/Getty Images
Banking is just about the most regulated industry in the United States. Yet, as we saw with the collapses of Silicon Valley Bank and others in recent months, lenders are not invulnerable to failure due to bad management or unexpected changes in economic conditions.
Stephen Moore
Author
Stephen Moore is a senior fellow at the Heritage Foundation, chief economist at FreedomWorks, and co-founder of the Committee to Unleash Prosperity. He served as a senior economic adviser to Donald Trump. His latest book is “Govzilla: How the Relentless Growth of Government Is Impoverishing America.”
