Reply to SVB failure

Forum Index » Money and Finances

Reply to "SVB failure "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Ok bear with me here. This is why the FRB needs a union, pronto. We don’t know why supervision failed here, but it did. We know historically (and I know personally) that retaliation against bank examiners happens. I’ll bet anything that there were FRB examiners trying to raise alarm bells who were silenced, either directly or due to a culture of fear/retaliation. A union will help ensure examiners can speak freely and press their concerns forward. [/quote]

FRBSF is a disaster right now. They had FTX/Moonstone, Silvergate, and now SVB on their watch. I believe a number of SVB execs are FRBSF alums.

A union starts to make sense if there are legit complaints of retaliation and silencing. But I bet the banks & Congress would fight it tooth & nail. Is there a statutory ban on a union within the FRS?[/quote]

Absolutely no ban that I know of. There is a strong federal policy right now in favor of federal unions. And of course we need much stronger revolving door rules, like a 5-year ban. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics