The Truth About Silicon Valley Bank

1 year ago
1

On the Senate floor, Louisiana Republican Senator John Kennedy slammed President Biden for “bailing out” three banks, including Silicon Valley Bank (SVB).

Sen. John Kennedy: If the management of Silicon Valley Bank had known the difference between a banking textbook and an LL Bean catalog, Silicone Valley Bank would have never bought securities that are so sensitive to interest rate without hedging that risk.

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https://www.thethinkingconservative.com/if-only-svb-management-had-known-the-difference-between-a-banking-textbook-and-an-ll-bean-catalog/

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