Sen. Kennedy Says Silicon Valley Bank Crisis Could Have Been Avoided
Sen. John Kennedy (R-La.) walks to the Senate Republican Luncheon in the U.S. Capitol Building in Washington on Aug. 02, 2022. Anna Moneymaker/Getty Images
Sen. John Kennedy (R-La.) said the Silicon Vally Bank (SVB) crisis could have been avoided, had the bank’s executives and federal regulators done their job on risk management.
Speaking on the Senate floor on March 15, Kennedy emphasized that SVB Bank wasn’t broke but it had a liquidity problem.
Frank Fang
Reporter
Frank Fang is a Taiwan-based journalist. He covers news in China and Taiwan. He holds a Master's degree in materials science from National Tsing Hua University in Taiwan.
