Warren On Maddow: Make Silicon Valley Bank Executives Pay
U.S. Sen. Elizabeth Warren on Monday weighed in on the collapse of Silicon Valley Bank, taking to The New York Times' opinion section to offer her view on how the financial institution failed, while also looking ahead and detailing "what Washington must do—quickly—to prevent the next crisis."
Namely, the Massachusetts Democrat wrote, the federal government must ensure the bank's risky behavior isn't rewarded with bonuses and generous compensation for executives, and must determine whether insider trading tipped off Silicon Valley Bank (SVB) executives regarding their firm's impending failure last Friday.