Senator Warren just wrote a NYT op ed on Bank Failures that covers most all the bases better than anywhere else I’ve read before, and some things she thinks should happen to fix them. Warren lays the blame squarely on those who changed the rules to allow this to happen, and the nincompoops who did it. The link is a free one.
I wish Warren was the Fed Chair rather than Powell. I’m not a big fan of Warren as a politician, but I’m her number one booster as a regulator. Warren always knows the issues backwards and forwards, where the bodies are buried and why.
Out of here shortly to work.