A former staffer in Donald Trump's administration says the rumored 'Operation Choke Point 2.0' may have contributed to the collapse of SVB.
If the United States government really is implementing"Operation Choke Point 2.0" it will hurt financial stability and may have contributed to the collapse of Silicon Valley Bank according to Donald Trump’s former Acting White House Chief of Staff, Mick Mulvaney.
“You have to wonder if there’s not certain policies that the administration is putting in place that have — perhaps the intended, perhaps the unintended — consequences of raising the risk, and of increasing instability, and did we just see that at SVB?” he added.
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SVB collapse: Venture capitalist points to ‘silver lining’ in falloutVenture capitalists and startups are still reeling from the collapse of Silicon Valley Bank, but one investor says the lender's failure will be good for the community in the long run.
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FDIC to break up SVB, seeks separate sale of private unitThe Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposits unit and its private bank after failing to find a buyer for the failed lender last week.
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Sen. Warner downplays SVB campaign donations, says bank failure likely not caused by lax regulationsSen. Mark Warner, a member of the Senate Banking Committee who was among several lawmakers to receive campaign contributions from the failed Silicon Valley Bank, downplayed the donations on Monday by saying he was unswayed by them.
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