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.