“In 2015, SVB President Greg Becker submitted a statement [0] to a Senate panel pushing legislators to exempt more banks – including his own – from new regulations passed in the wake of the 2008 financial crisis.”
Oof, this is real shot/chaser stuff. For anyone interested, the relevant statement starts on page 115 of the linked document. It’s quite short and worth reading. Some real Big Short vibes here.
Completely unrelated to anything, but why was this document scanned by a potato? They do not keep the original electronic version?
Silicon Valley Bank chief pressed Congress to weaken risk regulations