Silicon Valley Bank: The Postmortems Came Fast and Furious

My recent opinion in the Wall Street Journal was cited in this article on SVB’s failure, published by the Global Association of Risk Professionals.

William Isaac, who headed the FDIC under Presidents Jimmy Carter and Ronald Reagan and is chairman of Secura/Isaac Group, was not alone in warning of the “moral hazard” arising from extraordinary U.S. government protection.

Isaac stresses the importance of market discipline, and the SVB-tech industry experience may usher in a new wave of depositor due diligence.

Read the full article here

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