Rep. Patrick McHenry says it's his responsibility to get to the bottom of the SVB collapse
1 year ago
2.79K
Rep. Patrick McHenry, (R-NC): "It is my responsibility as chair of the Financial Services Committee to get to the bottom of what happened. Then we can decide on the path forward. And there are a number of different theories here. There's a management failure, a supervisory or regulatory failure, a failure of regulation, failure of law, and then the bigger question that we're all experiencing, the average American family is experiencing and anyone who owns anything is experiencing, is inflation and the impact of inflation at rising rates. All of those theories are simply theories at this state and we have to get to the bottom of actually what happened."
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