Cal Thomas: SVB not anyone’s fault?
One of the benefits of being a Washington insider, from the president of the United States to the lowliest bureaucrat, is never having to admit your policies are wrong.
In the case of Silicon Valley Bank (SVB) – the nation’s 10th largest – the financial policy chickens of this, and previous administrations, have predictably come home to roost. Record debt, massive new spending, and the failure of regulators to see what was coming contributed to since the global financial crisis of 2008, loosening rules on all but the largest banks and “opening taxpayers to more liability if the financial system collapses,” according to .
