Important Factors
- Mismanagement and supervisory failures, compounded by a dose of social media frenzy, combined to deliver down Silicon Valley Lender, the Fed explained in a report Friday.
- Michael S. Barr, the Fed’s best lender supervisor, named for variations in the way regulators tactic the nation’s intricate and interwoven financial process.
- Fed Chair Jerome Powell reported he welcomed the Barr probe and its internal criticism of Fed steps during the disaster.
