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In letter to Fed chair, Elizabeth Warren blasts ‘an astonishing list of failures’ that led to two banks’ collapse

Por: The Boston Globe Business March 16, 2023

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Massachusetts Senator Elizabeth Warren on Thursday sent a scathing letter to Federal Reserve Chair Jerome Powell, criticizing the “astonishing list of failures” that contributed to the failure of Silicon Valley Bank and Signature Bank within the past week.“The banks’ executives – who took too many risks, and failed to protect their customers – are the primary agents responsible for their failure,” Warren wrote. “But the greed and... + full article



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